Weatherization (ERC) Loan

Weatherization (ERC) Loan

To help members use energy more efficiently, we offer a loan program for members who want to finance various weatherization activities in existing structures. This service is called the Energy Resources Conservation (ERC) Loan Program.

Loan Terms and Conditions:

  • Actual material and installation costs, not to exceed $2,000
  • 5% interest rate on unpaid balance
  • Term not to exceed 60 months
  • Loan funds available for:
    • Caulking
    • Wall, floor, duct, pipe and water heater insulation
    • Storm or thermal windows and doors 
    • Attic ventilation fans
    • Clock thermostats
    • Electric heat pump systems
    • Electric water heaters, which reduce consumption of electricity
    • Electric system coordinated customer-owned devices that reduce the maximum kilowatt demand on the electric system
  • No loan funds available for:
    • Labor when member/applicant self-installs materials
    • Refinancing existing obligations
    • Cost of measures in progress or already completed
    • Cost of measures in structures planned or under construction
  • Payments:
    • Co-op bills monthly
    • No penalty for early repayment
    • Balance due and payable upon termination of membership or change of property ownership
  • Applications are subject to approval by board of directors
  • Property owner must co-sign loan made to renter

Application Process:

  1. Member submits completed Credit Application for ERC loan
  2. If approved by Board, member provides invoice(s) confirming loan amount
  3. Member and Co-op execute Consumer Credit Disclosure Form and Installment Note
  4. Co-op issues check to member for loan amount

Application Form:

Credit Application Form

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