Home Improvement Loans

Energy Efficiency Loans For Your Home

With First Electric Cooperative's Home Improvement Loan Program, you don't have to put off upgrading the energy efficiency of your home any longer. The Home Improvement Loan program will allow you to finance the following energy saving items at a competitive, fixed interest rate:

  • Heat pumps - and related improvements associated with heat pump installation
    • Duct systems
    • Duct Sealing
    • Thermal improvements - insulation, caulking and ventilation
    • Windows and doors
    • Electric service upgrades
  • First Electric Products - purchases under $500 may be applied to your electric bill and paid in 3 monthly installments
    • Marathon electric water heaters (available at First Electric)
    • Surge and lightning protection equipment (available at First Electric)
    • Generlink - generator transfer device (available at First Electric)
  • Portable home generators

First Electric's Home Improvement Loans have many attractive features

  • Borrow as little as $500 or as much as $15,000
  • Terms from 12 to 60 months
  • Fixed interest rate for the life of the loan
  • No pre-payment penalty
  • Payments included on monthly electric bill

Other Loan terms and features

  • Borrower must own and occupy the property and demonstrate adequate credit history
  • Eligible property includes only single-family dwellings that are primary residences and are served electric power by FECC
  • Loans between $500 and $2500 secured with an equipment lien
  • Loans over $2500 secured with a property mortgage and equipment lien
  • $20.00 filing fee for loans under $2500 and $60.00 filing fee for loans over $2500

To learn more or apply for the Home Improvement Loan Program, please read and complete the following attached documents:

  1. Complete description of Home Improvement Loan Program
  2. Member Flow Chart/Check List for Application Process
  3. Home Improvement Loan Program Credit Application (6.36 MB) 
  4. Credit Report Release
  5. Heat Pump Dealers

For more information on First Electric Cooperative's Home Improvement Loan Program, contact any local First Electric Cooperative office and ask for a Marketing Representative or click here to contact us by e-mail.