Residential Energy Efficiency Loans

CHEC offers financing to residential members for the purchase of high-efficiency appliances and weatherization projects.

Qualifying members can borrow up to $6,000 to help fund the purchase of an approved appliance or to implement a weatherization project for an existing Hatteras Island home. With a low interest rate of 5%, our loan program can help you save more on your electric bill each month by making your home more energy efficient.

Applicants must own their home, have had service for two years and be in good standing with the cooperative.

Qualifying appliances and projects include:

  • Marathon Water Heater
  • Heat Pump ≥ SEER 15
  • Central AC ≥ SEER 15
  • Heat Pump Water Heater
  • Ground Source Heat Pump
  • Solar Water Heater
  • Replacement Windows
  • Mobile Home Roof-overs
  • Insulation - ceiling, walls, floor
  • Duct Repair/Replacement

Interested members can complete our application for financing and contact the office at (252)995-5616.

Commercial Energy Efficiency Loans

Qualifying commercial members can borrow up to $10,000 to help fund the purchase of energy efficient equipment and renewable energy projects. Applicants must have had service with us for at least two years and have established a good credit history with the cooperative.

Qualifying appliances and projects include:

  • Caulking & Weather stripping
  • Heat Pump ≥ SEER 15
  • Central AC ≥ SEER 15
  • Heat Pump Water Heater
  • Solar Water Heater
  • Storm Windows and Doors
  • Insulation - ceiling, walls, floors
  • Lighting
  • Renewable Projects

Interested commercial members can complete our application for financing and contact the office at (252)995-5616.