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Energy Efficiency Loans

Upgrading a home’s insulation, doors, heat pump, and windows can help make energy bills lower. CEC has two loan programs to assist qualifying members with home improvement efforts. One is the Co-op Energy Efficiency Loan Program and the other is the CRS Energy Efficiency Loan Program.

The Co-op Energy Efficiency Loan Program is offered through a partnership with PowerSouth and Regions Bank, which makes low-interest loans available to qualifying CEC members. The process begins with a free energy audit by CEC to target efficiency opportunities. Participating members will complete a simple loan process with Regions Bank over the telephone. If approved, they will hire a contractor to do the work and then make monthly payments to Regions Bank. 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.

The CRS Energy Efficiency Loan allows qualifying CEC members to borrow up to $5,000 to make energy efficiency improvements to their home. The interest rate is one point above prime. Approved applicants can choose up to 60 months financing with the payment added to their monthly utility bill. This loan must be secured with approved collateral. CEC members must complete and submit a loan application that will be processed and reviewed by the CEC board of trustees at their monthly board meeting. The board will approve or deny the loan applications based on payment history with CEC, a credit report and collateral.

In order to apply for either of the loan programs, 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. If you are interested in pursuing the Co-op Energy Efficiency Loan, you should call CEC (800-239-4121) to set up a free energy audit to start the application process. If you are interested in pursuing the CRS Energy Efficiency Loan, you can download an application by clicking here CRS Loan Application (Page 1 and Page 2), then submit the application by emailing it to or you can submit it to the CEC main office located at 18836 US Hwy 84, Andalusia, AL 36421.