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NAEC lobbies are closed until at least April 20 to help limit the spread of COVID-19. Members may conduct business with NAEC at 870-895-3221, the Member Account Portal, drive-throughs and drop-boxes. Learn more here

The Energy Efficiency Conservation Loan Program allows members to borrow money from NAEC at low interest to improve the energy efficiency of their homes. Not only do energy efficiency upgrades improve the comfort of your home, but they also can lower energy costs. 

As of April 1, 2020, the interest rate for these fixed-rate loans is 1.5 percent; however, this rate is subject to change. All loans require an application process, which does include a credit check. Also, board approval is required for loans exceeding $20,000. 

Below are the types of loans available:

  • Air Source Heap Pumps — All air source heat pump loans require a SEER rating of at least 14 and an HSPF of 8.2 with an amortization schedule for eight years. A $100 blower door test is required and can be financed. 
  • Geothermal Heat Pumps — All geothermal heat pump loans will have an amortization schedule for 12 years. A $100 blower door test is required and can be financed. 
  • Weatherization — Weatherization loans can apply toward Energy Star windows, Energy Star doors, insulation (ceiling, floor or wall) and electric water heaters with efficiency of 91 percent or greater. The amortization schedule is five years with a required minimum loan of $500.
  • Energy Efficient Lighting — Energy efficient lighting loans will cover LED installations with an amortization schedule for five years. The minimum loan amount is set at $500 with no maximum amount set at this time.

You can have more than one loan and can combine weatherization measures with a heat pump loan. Please note that new construction is not eligible for this program.

The EECLP application is available by clicking below. A print application may be picked up at an NAEC office.

Click here to apply