Co-op Energy Efficiency Loan Program

Upgrading a home’s insulation, doors, heat pump, and windows can help make energy bills lower. CEC has a program to assist qualifying members with home improvement efforts. It’s called the Residential Energy Efficiency Loan Program.

The loan program is offered through a partnership with PowerSouth and Max Federal Credit Union, which makes low-interest loans available to qualifying CEC members. The process begins with a call to CEC to verify eligibility, then qualifying members are provided with instruction on how to apply with Max FCU. If approved, the member will hire a contractor to do the work and then make monthly payments to Max FCU. The minimum amount to borrow for qualifying CEC members is $2,000 and goes up to a maximum of $10,000, or up to $20,000 with weatherization improvements with heat pump.

In order to apply for the loan program, CEC members must: Own the residence and be a CEC member for at least one year in good standing.

If you are a CEC member who meets the minimum qualifications to apply for an energy efficiency loan, your first step should be calling a licensed contractor to get a free estimate. This will help you determine the amount to request when applying for a loan. Next call 334-427-3508 to verify your eligibility and receive instructions on how to start the application process with Max FCU.