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First Electric Cooperative - Home Improvement Loans

Eligibility 
Residential
Savings Category 
Geothermal Heat Pumps
Water Heaters
Heat Pumps
Caulking/Weather-stripping
Duct/Air sealing
Building Insulation
Windows
Doors
Other EE
Program Info
Sector Name 
Utility
Administrator 
First Electric Cooperative
State 
Arkansas
Program Type 
Loan Program
Summary 

First Electric Cooperative, a Touchstone Energy® Cooperative, serves over 85,000 member accounts throughout parts of seventeen counties in central and southeast Arkansas. The Home Improvement Loan Program allows members to borrow between $500 and $15,000 for energy efficiency home improvements associated with heat pumps, First Electric products and portable home generators. Loan repayments can be included in your monthly electric bill. 

For loans under $2500, there is a filing fee of $20; for loans over $2,500, the fee is $60. Only single-family primary residences served by FECC are eligible. Loans between $500 and $2,500 are secured with an equipment lien, and loans over $2500 are secured with a property mortgage and equipment lien.  Loan program applications, specific program details, and a list of approved dealers are available on the program website.