Central Alabama Electric Cooperative customers, Alabama · Loan
Energy Efficiency Loan Program (Central Alabama Electric Cooperative and MAX Credit Union)
Run by Central Alabama Electric Cooperative (lender MAX Credit Union)
Central Alabama Electric Cooperative members who own their home and complete an energy audit can borrow $2,000 to $20,000 from MAX Credit Union for heat pumps, insulation, air sealing and other upgrades, with terms up to 10 years.
Amounts
How much you get
Loans from MAX Credit Union of $2,000 to $20,000 when a heat pump is included, with terms up to 10 years (5 years without a heat pump), at a "competitive interest rate" the page doesn't state. The amount depends on which of these fits your install.
| What you install | You get |
|---|---|
| 000, terms up to 5 yearsWithout a heat pump: from $2 | N/A |
| 000 to $20,000, terms up to 10 yearsIncluding a heat pump: $2 | $20,000 |
Eligibility
Do I qualify?
You need to meet all 5 of these.
Receive electric service from CAEC and be in good standing.
For owners of existing homes, including manufactured homes.
You must complete an energy audit.
What to doSchedule a CAEC energy audit at (800) 545-5735 ext. 2178.
All installations and improvements must be done by a licensed contractor.
What to doHire a licensed contractor for the work.
Subject to MAX Credit Union approval.
Equipment
What equipment counts
Applying
How to apply
Get approved before you buy anything.
- Call CAEC at (800) 545-5735 ext. 2118 to start.
- Complete a CAEC energy audit.
Home Energy Audits (Central Alabama Electric Cooperative) (under Use it with) starts with this kind of home energy audit; ask the program which one to book.
- Apply with MAX Credit Union.
- Have a licensed contractor do the work.
- Repay MAX Credit Union.
Stacking
Use it with
You can get these too.
Central Alabama Electric Cooperative customers, Alabama
Heat Pump Rebates (Central Alabama Electric Cooperative)
Up to $700 back
Central Alabama Electric Cooperative pays $350 per ton for dual fuel and 15 SEER or better mini-split heat pumps, $400 per ton to replace an electric furnace with a heat pump in an existing manufactured home, and $400 to $700 for a heat pump in a new manufactured home.
Checked Oct 26, 2026
Central Alabama Electric Cooperative customers, Alabama
Home Energy Audits (Central Alabama Electric Cooperative)
Up to $100
Central Alabama Electric Cooperative offers a free virtual energy audit, or an in-home audit ($75 basic, $100 advanced with a blower door test) whose fee is credited back on your bill when you make the recommended improvements within a year.
Checked Oct 26, 2026
Your address
Next steps
Check that it covers your address. This program has to approve you before you buy anything, so start with the program, not a contractor quote.
Is it available at your address?
Before anything else
Schedule a CAEC energy audit at (800) 545-5735 ext. 2178.
Your quote request is in If a contractor we work with serves your ZIP, they can contact you. We take one request per person; contact us to change it.
Get an email if this program changes
We'll write if its amount, status or deadline changes. Nothing else.
FAQ
Questions
How much does Energy Efficiency Loan Program (Central Alabama Electric Cooperative and MAX Credit Union) pay?
$20,000 to $20,000, depending on what you install. The table under How much you get lists each amount.
Do I need to be a Central Alabama Electric Cooperative customer?
Yes. It’s only for homes in Central Alabama Electric Cooperative customers, Alabama. See Do I qualify for the details.
Do renters qualify?
For owners of existing homes, including manufactured homes.
Do I have to use a contractor?
Yes. All installations and improvements must be done by a licensed contractor.
Do I need approval before I buy?
Yes. Apply before you buy or install anything; purchases made first don’t qualify. You must complete an energy audit. Schedule a CAEC energy audit at (800) 545-5735 ext. 2178.
Can I combine it with other rebates?
Yes, with Heat Pump Rebates (Central Alabama Electric Cooperative) and Home Energy Audits (Central Alabama Electric Cooperative). See Use it with.
Is it still available?
Yes. It was open when we last checked, on October 26, 2026.
Plain words
Words used on this page
References
Sources
This page is built from these official pages, run by the program itself.
When one of these pages changes, we re-check this page against it.
Nearby
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Central Alabama Electric Cooperative customers, Alabama
Peak Shaving Program (Central Alabama Electric Cooperative)
Work done at no cost
Central Alabama Electric Cooperative installs a peak shaving device on your electric water heater at no cost, delaying reheating to off-peak times; participants can qualify for CAEC's water heater rebate.
Checked Oct 26, 2026
Central Alabama Electric Cooperative customers, Alabama
Water Heater Rebate (Central Alabama Electric Cooperative)
Up to $375 back
Central Alabama Electric Cooperative pays $235 for an electric water heater under 80 gallons, or $375 for 80 gallons and up, when you join its Peak Shaving Program and keep the device active for two years.
Checked Oct 26, 2026
All of Alabama
Alabama Weatherization Assistance Program
Work done at no cost
Free energy-efficiency work for low-income Alabama households, based on an energy audit of the home, delivered by community action agencies in all 67 counties. Household income must be at or below 200% of the federal poverty level; elderly and disabled residents and families with young children are served first.
Checked Oct 26, 2026