Randolph EMC - ElecTel Energy Efficiency Loan Program
Administered by Randolph Electric Membership Corporation
As a Randolph EMC member, you can finance energy efficiency upgrades like heat pumps, solar, windows, insulation, and ENERGY STAR appliances through low-interest loans starting at 4.9% with flexible terms and up to 100% financing—maximum loan of $35,000 ($5,000 for mobile homes). You'll need to join the ElecTel Cooperative Federal Credit Union (membership may cost as little as $1) to access the program.
The ElecTel Energy Efficiency Loan Program lets your Randolph EMC customer clients finance a broad range of efficiency and renewable projects at competitive fixed rates with full purchase-price coverage available. Confirm customer membership in Randolph EMC and ElecTel Credit Union eligibility; loan maximums are $35,000 for standard residences and $5,000 for mobile homes.
ElecTel offers fixed-rate financing (from 4.9%) with flexible repayment and up to $35,000 in available credit ($5,000 for mobile homes) to Randolph EMC members who join the ElecTel Cooperative Federal Credit Union. The program targets residential, multifamily, and low-income customers pursuing solar, heat pumps, furnaces, air conditioners, water heaters, windows, doors, insulation, and ENERGY STAR appliances.
Program details
- Program ID
- 22437
- Last updated
- 7/28/2025
Eligibility
- Sectors
- residential multifamily residential low income residential
- Technologies
- solar photovoltaics clothes washers dishwasher water heaters furnaces heat pumps air conditioners building insulation windows doors
Program summary
As a member of the Randolph Electric Membership Corporation (Randolph EMC), residential customers are eligible for low-interest loans on energy efficiency improvement projects if they join the ElecTel Cooperative Federal Credit Union. Membership may cost as low as $1. Projects available for financing include but aren't limited to:
- Efficient windows/doors
- Electric heat pumps
- Furnaces
- Air conditioners
- Generators
- Solar projects
- Water heaters
- Insulation
- EnergyStar appliances
Fixed rates are as low as 4.9%, with up to 100% financing of the purchase price. Payment terms are flexible with a maximum loan of $35,000 ($5,000 if a mobile home). See program site for details.
Contact & resources
- Additional resources
Please verify current program details with the administering agency before making any financial decisions.
