Clay Electric Cooperative, Inc - Energy Conservation Loans

Clay Electric Cooperative offers loans up to $10,000 to finance energy efficiency improvements like heat pumps, water heaters, insulation, windows, and solar water heating systems on your home. A $25 loan processing fee applies to all applications. The cooperative also provides rebates—up to $250 for heat pumps, $175 for hybrid heat pump water heaters, $600 for solar water heaters, and $600 for attic insulation—applied as bill credits; contact Clay Electric at 800-224-4917 or visit their website for specific rebate amounts and eligibility details.

Clay Electric's Energy Smart Rebate Program creates customer demand for high-efficiency equipment: heat pumps (15.2 SEER2/16 SEER or higher, 12,000–60,000 BTU), hybrid heat pump water heaters with high energy factor ratings, solar water heaters (certified by Florida Solar Energy Center), and attic insulation upgrades (to R30 minimum, covering ≥500 sq ft of conditioned space). All work requires detailed invoices with brand, model, and cost; AHRI certificates for HVAC and water heater rebates; and before/after photos; rebates process in 6–8 weeks and may trigger inspections.

This rebate program incentivizes residential energy efficiency retrofits across 14 North Florida counties served by Clay Electric Cooperative, a Touchstone Energy Cooperative. Rebates are provided as bill credits (capped at actual purchase price) with tiered rates: $250 for qualifying heat pumps, $175 for hybrid heat pump water heaters, $200 for heat recovery units, solar water heaters at $0.01/BTU output (max $600), ceiling insulation at $0.11/sq ft (max $600), spray foam at $0.28/sq ft (max $600), and window film at $0.44/sq ft (max $440). Loans up to $10,000 with a $25 processing fee provide additional financing; rebate credits may be applied to existing loan balances. All improvements require 180-day submission windows post-purchase and are limited to existing residences/facilities (new construction excluded for most measures).