Tri-County Electric Cooperative customers, Illinois · Loan
Electric Heating & Cooling Equipment Financing (Tri-County Electric Cooperative)
Run by Tri-County Electric Cooperative
Tri-County Electric lends property owners up to $7,000 for efficient all-electric heating and cooling equipment, or up to $13,000 for a geothermal heat pump, over up to 60 months at prime or 5%, whichever is greater.
Amounts
How much you get
Loans up to $7,000 for electric heating and cooling equipment or up to $13,000 for geothermal; rate is prime (set the first day of the month the note is signed) or 5%, whichever is greater; up to 60 months, no prepayment penalty. The amount depends on which of these fits your install.
| What you install | You get |
|---|---|
| Electric heating and cooling equipment | N/A |
| Geothermal heat pump | N/A |
Eligibility
Do I qualify?
You need to meet all 2 of these, plus one that applies only in some cases.
Tri-County Electric Cooperative member receiving service at the home.
Member must be in good credit standing with the cooperative, and the loan is subject to approval.
- Only in some cases
Only the property owner is eligible; one loan per member.
Equipment
What equipment counts
The program sets these minimums for heat pumps.
- Heat pumps
Minimum 15.0 SEER.
- Geothermal heat pumps
Minimum 3.3 COP.
Applying
How to apply
Follow these steps.
- Apply online or print the loan request form.
Return it by mail to 3906 Broadway St, Mt. Vernon, IL 62864, in person, or by email.
- Sign the promissory note, security agreement, UCC-1 and Truth-in-Lending statement.
Pay the UCC-1 filing fee before processing.
- Tri-County issues a check to you and your dealer jointly.
Stacking
Use it with
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 Electric Heating & Cooling Equipment Financing (Tri-County Electric Cooperative) pay?
Up to $13,000.
Do I need to be a Tri-County Electric Cooperative customer?
Yes. It’s only for homes in Tri-County Electric Cooperative customers, Illinois. See Do I qualify for the details.
Do renters qualify?
Only the property owner is eligible; one loan per member.
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.
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