Lumbee River EMC: Solar Water Heating Loan Program

Lumbee River EMC is offering 1.50% loans to residential customers for the installation of solar water heaters on their homes.  To qualify, the systems must be certified OG-300 by the Solar Ratings and Certification Council (SRCC) and installed by a program-approved contractor or an installer certified by the North American Board of Certified Energy Practitioners (NABCEP). Loans of $2,000 or less will be secured as a signature loan. Loans in excess of $2,000 will be secured by a deed of trust against the home and property.  Lumbee River EMC also provides rebates for solar water heaters.  Customer must choose between the rebate and this loan; they may not accept both.