MY HOME

Energy Efficiency Loan Program

A comfortable home and low energy costs should go hand-in-hand. That's why we offer our members an easy and affordable way to finance home energy improvements.

Through our partnership with MAX Credit Union, members may qualify for low-interest loans to finance the purchase and installation of certain home energy efficiency upgrades.

Qualifying Projects

  • Heat pump purchase and installation
  • Heat pump tune-up
  • Duct repair or replacement
  • Attic, floor, exterior wall or perimeter insulation (foam or cellulose only)
  • Air sealing
  • Heat pump water heater purchase and installation
  • Water heater blanket and pipe insulation
  • Attic ventilation
  • Insulated exterior doors
  • Energy-efficient windows
  • Manufactured home skirting

 

All installations and improvements must be performed by a licensed contractor.

loan program house

insulation

The process:

  1. Contact us and ask about the Energy Efficiency Loan Program.
  2. A Pioneer Electric energy advisor will help identify areas of improvement. You MUST complete this step to be eligible for a loan.
  3. You'll complete the simple online loan application with MAX Credit Union.
  4. If approved, you'll hire a contractor to complete the improvements.
  5. Once improvements are complete, contact us so we can conduct a final inspection to certify that work is completed.
  6. MAX will issue payment directly to the contractor.
  7. You'll receive monthly loan billing statements from MAX.

Loan details
Minimum loan $2,000
Maximum loan $10,000 (weatherization only)
$20,000 (if including heat pump)
Term

Up to 5 years
(weatherization only)

Up to 10 years
(if including heat pump)
Billing Monthly statements issued by MAX
Fees No origination fees or recording costs

Additional information

  • 90-day approval period (work must be complete within 90 days of loan approval)
  • No prepayment penalty
  • Can finance up to 100% of installation costs (up to maximum loan amount)
  • Financing available only for qualifying projects performed by licensed contractor(s)
  • Payment made directly to contractor(s)
*Subject to approval, APRs are subject to change. Your APR and repayment terms will depend on your amount financed and term of your financing agreement.