North West Rural Electric Cooperative customers, Iowa · Loan
North West REC Energy Efficiency Loans
Run by North West Rural Electric Cooperative
North West REC lends members up to $7,000 for electric heating, water heating and cooling equipment, or up to $4,000 for insulation, windows and doors, at 5.50% simple interest repaid on the electric bill.
Amounts
How much you get
Loans of $500 to $999 are written for 1 year. The amount depends on which of these fits your install.
| What you install | You get |
|---|---|
| Water heating or cooling equipment upgrade (3-year loan)Electric heating | N/A |
| Doors, windows, caulking and weatherstrippingInsulation | N/A |
Eligibility
Do I qualify?
You need to meet all 3 of these.
North West REC member.
Approved, good-credit-risk members; board of directors approval needed.
A complete itemized bill for the work.
What to doGet an itemized bill from your contractor listing equipment, wiring and labor.
Equipment
What equipment counts
Applying
How to apply
Get approved before you buy anything.
- Call North West REC.
Ask whether your project qualifies.
- Apply.
Fill out the Energy Efficiency Loan Application and include the itemized bill.
- Approval.
Rebates are deducted from the bill and the co-op finances up to 90% of the rest after board approval.
- Repay on your electric bill.
5.50% simple interest, no penalty for paying early.
Forms and instructionsNorth West REC - Rebates
Questions about applying800-766-2099
Stacking
Use it with
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 an itemized bill from your contractor listing equipment, wiring and labor.
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 North West REC Energy Efficiency Loans pay?
Up to $7,000.
Do I need to be a North West Rural Electric Cooperative customer?
Yes. It’s only for homes in North West Rural Electric Cooperative customers, Iowa. See Do I qualify for the details.
Do I need approval before I buy?
Yes. Apply before you buy or install anything; purchases made first don’t qualify. A complete itemized bill for the work. Get an itemized bill from your contractor listing equipment, wiring and labor.
Is it still available?
Yes. It was open when we last checked, on October 28, 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 Iowa
North West Rural Electric Cooperative customers, Iowa
North West REC Energy Efficiency Rebates
Up to $1,400 back
North West REC members can get rebates on geothermal, air-source and ductless mini-split heat pumps (up to $1,400 per ton for new geothermal), insulation in all-electric homes, Level 2 EV chargers and discounted Marathon water heaters sold by the co-op.
Checked Oct 28, 2026
All of Iowa
Geothermal Heating & Cooling System Property Tax Exemption
Amount varies
Iowa homeowners who install a geothermal heating or cooling system pay no property tax on the value it adds to the home for ten years. File form 54-011 with your city or county assessor by February 1 of the first year you claim it.
Checked Oct 28, 2026
All of Iowa
Weatherization Assistance Program
Work done at no cost
Free energy efficiency and safety upgrades, such as attic and wall insulation, air sealing and furnace work, for Iowa homeowners and renters with income at or below 200% of the federal poverty level. Apply at your county's Community Action Agency.
Checked Oct 28, 2026