North Arkansas Electric Cooperative customers, Arkansas · Loan
Energy Efficiency Loans (North Arkansas Electric Cooperative)
Run by North Arkansas Electric Cooperative
North Arkansas Electric Cooperative lends members money at 1% interest (as of January 1, 2023) for heat pumps, geothermal systems, insulation, windows and doors, duct work, LED lighting and ENERGY STAR appliances in existing homes, repaid monthly over up to 10 years.
Amounts
How much you get
Loans of at least $1,000, at 1% interest for the life of the loan (rate as of Jan. 1, 2023; subject to change). Terms: up to 8 years for a mini-split or air-source heat pump, 10 years for geothermal, 5 years for residential LED lighting and appliances, and 5 years (under $5,000) or 10 years ($5,000 or more) for weatherization. Loans over $20,000 need board approval. A $50 lien filing fee applies.
Eligibility
Do I qualify?
You need to meet all 5 of these.
NAEC members of at least six months, for improvements to an existing home or business.
NAEC reviews your credit report, NAEC payment history, amount requested, type of project, location and potential savings.
HVAC and weatherization loans need an energy audit (and for HVAC, a blower-door test) by an NAEC energy adviser, and the results must show the work is cost effective.
What to doAfter approval, schedule the audit and blower-door test with NAEC's energy adviser.
Don't order or install equipment until the loan is approved and funds are available.
What to doWait for NAEC's loan approval before buying or starting work.
For HVAC, you may choose the dealer, but the dealer must be licensed with the State of Arkansas.
What to doUse an Arkansas-licensed HVAC dealer (NAEC keeps a list). Get a quote from a contractor
Equipment
What equipment counts
Applying
How to apply
Follow these steps.
- Apply online at naeci.com/loans, or on paper at NAEC's Salem, Ash Flat or Mountain Home office.
- NAEC Member Services reviews the application (usually one business day).
- After approval, complete the energy audit and blower-door test if needed.
Don't order or install anything before the loan is approved.
- Have the work done and submit all invoices to NAEC.
- At closing, NAEC writes a check to you to pay the contractor; repay monthly on your bill.
Stacking
Use it with
You can get these too.
North Arkansas Electric Cooperative customers, Arkansas
Free Home Energy Audit (North Arkansas Electric Cooperative)
Work done at no cost
North Arkansas Electric Cooperative offers all members a free home energy audit to evaluate the home's efficiency and how the household uses energy, and to point out where conservation measures would help.
Checked Oct 27, 2026
Your address
Next steps
Check that it covers your address. Then, if you want, ask for a contractor quote.
Is it available at your address?
Before anything else
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 Loans (North Arkansas Electric Cooperative) pay?
Loans of at least $1,000, at 1% interest for the life of the loan (rate as of Jan. 1, 2023; subject to change). Terms: up to 8 years for a mini-split or air-source heat pump, 10 years for geothermal, 5 years for residential LED lighting and appliances, and 5 years (under $5,000) or 10 years ($5,000 or more) for weatherization. Loans over $20,000 need board approval. A $50 lien filing fee applies.
Do I need to be a North Arkansas Electric Cooperative customer?
Yes. It’s only for homes in North Arkansas Electric Cooperative customers, Arkansas. See Do I qualify for the details.
Do I have to use a contractor?
Yes. For HVAC, you may choose the dealer, but the dealer must be licensed with the State of Arkansas.
Do I need approval before I buy?
HVAC and weatherization loans need an energy audit (and for HVAC, a blower-door test) by an NAEC energy adviser, and the results must show the work is cost effective. After approval, schedule the audit and blower-door test with NAEC's energy adviser. Don't order or install equipment until the loan is approved and funds are available. Wait for NAEC's loan approval before buying or starting work.
Can I combine it with other rebates?
Yes, with Free Home Energy Audit (North Arkansas Electric Cooperative). See Use it with.
Is it still available?
Yes. It was open when we last checked, on October 27, 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
More in Arkansas
All of Arkansas
Arkansas Weatherization Assistance Program
Work done at no cost
Free weatherization for low-income Arkansas households (income up to 200% of the federal poverty level, or on SSI or LIHEAP), based on a computerized energy audit of the home. Five nonprofit providers cover all 75 counties; owners and renters can apply.
Checked Oct 27, 2026
Arkansas Oklahoma Gas customers, Arkansas
AOG Weatherization Program (Arkansas Oklahoma Gas)
Work done at no cost
Arkansas Oklahoma Gas and OG+E offer free weatherization that upgrades the thermal envelope of severely energy-inefficient single-family homes and duplexes at least 10 years old. Homeowners and leaseholders can apply online or by phone.
Checked Oct 27, 2026
SWEPCO customers, Arkansas
Appliance Recycling (SWEPCO Arkansas)
$75 back
SWEPCO picks up an old working refrigerator or freezer from Arkansas customers' homes for free and pays a $75 incentive for recycling it.
Checked Oct 27, 2026