Runestone Electric Association's Energy Resource Conservation (ERC) loan program is designed to help qualified members finance small-scale home, farm and business energy efficiency improvement projects.
ERC loans are perfect for remodeling projects as they cannot be used for new construction or to refinance existing obligations.
This loan program funds materials and labor if completed by a contractor. If the member wishes to complete the work themselves, funds are available for material only.
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ERC Loan details:
- 5% interest - up to 7 years to repay
- Loans up to $3,000 - over $3,000 require board
approval
- Member must have sound credit rating
- Project estimates required before approval
- Limited funds available distributed on a first
come, first served basis
- Monthly installment appears on electric bill
ERC Loan projects include:
- Electric heating devices
- Heat pumps
- Air conditioners
- Water heaters
- Load management equipment
- Insulation projects
- Windows
- Storm or thermal doors
- Attic ventilation fans
- And other improvements to improve energy
efficiency
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An Energy Resource Conservation loan
is designed to improve the energy efficiency
of your home. Ask our energy experts if your
projects qualify.
Printable Form 
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