Southeastern Electric Cooperative - Electric Equipment Loan Program

Southeastern Electric offers affordable loans for geothermal heat pumps, air-to-air heat pumps, and weatherization improvements like insulation, windows, and doors, with payments made through automatic bank withdrawal. To apply, contact Southeastern Electric at 1-800-333-2859; you'll need to pass a credit check and provide mortgage collateral, with board approval required.

You can help residential and commercial customers access low-interest financing for electric heating, cooling, and energy-efficient home upgrades through Southeastern Electric's loan program. All equipment must be installed and operational before any incentives are issued, and customers must meet credit requirements and board approval with mortgage collateral as security.

This loan program, partnered with the Rural Electric Economic Development (REED) Fund, finances both new/expanding rural businesses and member energy-efficiency improvements across residential and commercial sectors. Loans require credit checks, board approval, and mortgage collateral with automatic bank-withdrawal repayment; target geothermal systems, heat pumps, and weatherization for rural economic development and member energy savings.