Pea River Electric Cooperative customers, Alabama · Loan
Energy Efficiency Loan Program (Pea River Electric Cooperative and MAX Credit Union)
Run by Pea River Electric Cooperative (lender MAX Credit Union)
Pea River Electric Cooperative members who own their home, have a year of service 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, terms up to 10 years (5 years without a heat pump), at "competitive interest rates" not stated on the page. 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.
Pea River EC member with at least one year of service, in good standing.
You must own the home.
You must complete an energy efficiency audit by a qualified co-op employee or contractor.
What to doGet a free energy audit from Pea River (call 1-800-264-7732) or a licensed contractor it designates.
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, including income and credit score requirements.
Equipment
What equipment counts
Applying
How to apply
You apply online. Get approved before you buy anything.
- Get an energy audit from Pea River.
Free Home Energy Audit (Pea River 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.
Forms and instructionsPea River EC: Energy audits
Questions about applying1-800-264-7732
Stacking
Use it with
You can get these too.
Pea River Electric Cooperative customers, Alabama
Free Home Energy Audit (Pea River Electric Cooperative)
Work done at no cost
Pea River Electric Cooperative members can get a free in-home energy audit from the co-op's member services department.
Checked Oct 26, 2026
Pea River Electric Cooperative customers, Alabama
Manufactured Home Heat Pump Rebate (Pea River Electric Cooperative)
$400 back
Pea River Electric Cooperative pays $400 per ton to replace an electric furnace with a high-efficiency heat pump in an existing manufactured home, and covers the heat pump upgrade cost when you buy a new manufactured home.
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
Get a free energy audit from Pea River (call 1-800-264-7732) or a licensed contractor it designates.
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 (Pea River 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 Pea River Electric Cooperative customer?
Yes. It’s only for homes in Pea River Electric Cooperative customers, Alabama. See Do I qualify for the details.
Do renters qualify?
You must own the home.
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 efficiency audit by a qualified co-op employee or contractor. Get a free energy audit from Pea River (call 1-800-264-7732) or a licensed contractor it designates.
Can I combine it with other rebates?
Yes, with Free Home Energy Audit (Pea River Electric Cooperative) and Manufactured Home Heat Pump Rebate (Pea River 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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