New Hampshire Electric Co-op - Residential Energy Efficiency Loan

NHEC members can finance energy efficiency improvements like heat pumps, insulation, and weatherization with no-interest loans up to $4,000 over 48 months, or low-interest (2%) loans up to $15,000 over 84 months through partner lenders. You can combine financing with NHEC rebates on the same project, and on-bill financing appears on your regular electric bill if you have good payment history. Contact NHEC or visit their program page to apply once you have a project proposal.

Your customers can access up to $15,000 in 2% financing for heat pump installations and weatherization work, or interest-free financing up to $4,000 for co-payments, stackable with NHEC rebates under the Home Performance with ENERGY STAR program. Customers need an approved project proposal before financing can be arranged; they apply directly through NHEC (on-bill) or at partner banks/credit unions with an NHEC Loan Authorization Form.

The program operates two tracks: on-bill financing (0% interest, up to $4,000, 48-month max) for members with good payment history, and third-party financing with NHEC interest buy-down to 2% (up to $15,000, 84-month max) through partner lenders. Eligible measures include heat pumps, heat pump water heaters, and weatherization/whole-building improvements under Home Performance with ENERGY STAR; financing stacks with rebates. NHEC covers interest subsidy costs for the buy-down program while managing application intake and Loan Authorization Forms.