Commercial Loan Program for Energy Efficiency or Renewable Energy Projects
Borrow up to $10,000 at a low 5% interest rate!
Great news for businesses that want to increase their energy efficiency or implement at renewable energy project. In January 2011, the BEMC Board of Directors authorized the expansion of our weatherization loan funding to cover commercial co-op members.
Commercial businesses of all sizes and churches may now qualify for low interest loans up to $10,000 to help fund energy efficiency equipment like heat pumps, lighting, water heaters, insulation and more. Renewable energy projects are also eligible and in addition, may qualify for state or federal tax incentives to help with the upfront costs.
Loans are available to commercial members of BEMC. Applicants must have had service with us for at least two years and have established a good credit history with the co-op.
Qualifying Projects:
ENERGY EFFICIENCY
- caulking and weather stripping
- electric heat pump (minimum 15 SEER)
- electric water heater
- solar water heater
- insulation (ceiling, walls, floors)
- storm windows and doors
- lighting
RENEWABLE ENERGY
- solar
- wind
Contact us about your project . . . if you need help determining the appropriate project, you may also qualify for an energy audit.
