Clay Electric Cooperative, Inc - Energy Conservation Loans

Clay Electric members can borrow up to $10,000 to finance energy efficiency upgrades like heat pumps, insulation, solar water heating, and windows, with loan proceeds applied directly to your project costs. To qualify, you need at least one year of membership with the co-op, good credit and payment history, and must complete an energy survey; apply through the loan application available on Clay Electric's website. The co-op also offers bill-credit rebates for specific measures (heat pump rebates of $250, insulation rebates up to $600, solar water heater rebates up to $600), submitted within 180 days of purchase with documentation and photos.

Clay Electric Energy Conservation Loans enable your customers to finance efficiency projects up to $10,000 with straightforward documentation—detailed invoices, before/after photos, and equipment certifications are required for all measures. The co-op requires AHRI certificates for heat pumps and high-efficiency water heaters, FSEC certification for solar water heating systems, and detailed documentation of insulation R-values and conditioned square footage; rebate processing takes 6–8 weeks. Members must maintain active accounts and good payment history, and Clay Electric may conduct site inspections for larger projects.

The Energy Conservation Loan program extends up to $10,000 per member to finance residential efficiency improvements, requiring one year of service tenure, acceptable credit and payment history, and completion of an energy survey before approval. Rebate components provide bill credits: $250 for heat pumps (15.2+ SEER2), $175 for electric hybrid heat pump water heaters, $200 for heat recovery units, and tiered rebates for insulation ($0.11–$0.28/sq ft, max $600), solar water heating ($0.01/BTU, max $600), and window treatments ($0.44/sq ft, max $440). All rebates cap at actual purchase price, require 180-day submission windows post-installation, and include inspection authority; the program targets existing residences across Clay Electric's six-district service territory in North Florida.