H2O Water Heater Participants: PowerSouth has initiated a peak shaving event for CEC members with load control devices on their water heaters. It will take place on Feb. 1 from 6:30 AM – 8:30 AM. Members who signed up to participate in the H2O program received a discounted water heater at the time of purchase and understand the benefit of this program which is to help shave power consumption during high peak demand periods. The H2O participants should have adequate hot water stored in their tanks for normal usage during this time. We appreciate the cooperation of our H2O participants during this peak shaving event. Thank you.
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.