ERC Loan

Energy Advance $ Savings logoWith an Energy Resource Conservation (ERC) Loan, Pee Dee Electric homeowner members can finance energy-saving home improvements with low-interest and a fixed-rate.

The ERC Loan finances materials and labor (up to $7,500) for energy-efficient improvements that are cost-effective and offer a return on the investment.

Types of projects include, but are not limited to:

  • Insulation for – attic, ducts, floors, walls, water heaters
  • Storm windows and doors
  • Replacement thermal windows and insulated doors
  • Attic ventilation systems
  • Programmable thermostats
  • High-efficiency heat pumps
  • Dual-fuel systems
  • Ground source heat pumps
  • Caulking and weather stripping

The loan is a simple interest loan with a fixed 6% rate and will be secured with a lien on real property.

View our ERC Loan Checklist and Application (PDF).