Description

The Central Electric Cooperative, with the Bank of the Cascades, offers their customers low-interest loans qualifying heat pumps. For this heat pump program, both new and existing homes can qualify for loans between $200 and $1200, depending on duct location and efficiency. Members installing heat pumps in existing homes can opt for a low interest rate loan from Bank of the Cascades. There is no loan fee and no penalty for early payment. Additionally, new electric furnaces without heat pumps can qualify for a $300 credit if the ducts are sealed and tested and run outside of the home’s heated space. For more information, visit the program website or look at the heat pump program application.