Berkeley Electric Cooperative customers, South Carolina · Loan
HomeAdvantage Loan Program (Berkeley Electric Cooperative)
Run by Berkeley Electric Cooperative
Berkeley Electric Cooperative lends members up to $20,000 at 5% for energy improvements to existing homes, repaid on the electric bill. A BPI-certified auditor picks the upgrades, approved contractors do the work and the co-op inspects it.
Amounts
How much you get
Loan of up to $20,000 at a fixed 5% interest rate, added to the monthly electric bill. Improvements generally must pay back within 6 years. A lien is recorded on the property.
Eligibility
Do I qualify?
You need to meet all 5 of these.
Member of Berkeley Electric Cooperative for at least 12 months.
Good credit rating with Berkeley Electric, plus an additional credit check.
Existing home that you own; a lien is recorded on the property as security.
A BPI-certified energy audit sets the list of improvements; measures typically need a payback under 6 years.
What to doAfter loan approval, the co-op assigns a certified auditor who recommends the work.
Work done by a contractor from Berkeley Electric's approved list, followed by a co-op inspection.
What to doChoose a contractor from the co-op's approved list to bid on the work.
Equipment
What equipment counts
Applying
How to apply
Get approved before you buy anything.
- Apply for the loan online, by download, or at a district office.
- After approval, meet the certified auditor.
The auditor recommends improvements and gives you the list of approved contractors to bid on the work.
- Close the loan; the contractor completes the work.
- Berkeley Electric inspects the work, you sign off, and the co-op pays the contractor.
- Repay monthly on your electric bill.
Forms and instructionsBerkeley Electric Cooperative: HomeAdvantage Loan Program
Stacking
Use it with
You can get these too.
Berkeley Electric Cooperative customers, South Carolina
Dual Fuel Heat Pump Rebate (Berkeley Electric Cooperative)
Up to $1,000 back
Berkeley Electric Cooperative pays up to $1,000 when you switch from gas heat to a dual fuel heat pump system, or $500 when you switch from a heat pump to dual fuel. One rebate per home.
Checked Oct 25, 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
After loan approval, the co-op assigns a certified auditor who recommends the work.
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 HomeAdvantage Loan Program (Berkeley Electric Cooperative) pay?
Work done at no cost. Loan of up to $20,000 at a fixed 5% interest rate, added to the monthly electric bill. Improvements generally must pay back within 6 years. A lien is recorded on the property.
Do I need to be a Berkeley Electric Cooperative customer?
Yes. It’s only for homes in Berkeley Electric Cooperative customers, South Carolina. See Do I qualify for the details.
Do renters qualify?
Existing home that you own; a lien is recorded on the property as security.
Do I have to use a contractor?
Yes. Work done by a contractor from Berkeley Electric's approved list, followed by a co-op inspection.
Do I need approval before I buy?
Yes. Apply before you buy or install anything; purchases made first don’t qualify. A BPI-certified energy audit sets the list of improvements; measures typically need a payback under 6 years. After loan approval, the co-op assigns a certified auditor who recommends the work.
Can I combine it with other rebates?
Yes, with Dual Fuel Heat Pump Rebate (Berkeley Electric Cooperative). See Use it with.
Is it still available?
Yes. It was open when we last checked, on October 25, 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 South Carolina
Berkeley Electric Cooperative customers, South Carolina
Energy Advance Loan (Berkeley Electric Cooperative and Farmers & Merchants Bank)
Work done at no cost
Berkeley Electric Cooperative members can borrow $1,000 to $50,000 from Farmers & Merchants Bank of SC for home energy improvements such as insulation, windows, doors and heat pumps, at 9.00% to 10.50% over 1 to 10 years, using an approved contractor.
Checked Oct 25, 2026
Berkeley Electric Cooperative customers, South Carolina
Free Home Energy Audit (Berkeley Electric Cooperative)
Work done at no cost
Berkeley Electric Cooperative offers members free online and in-home energy audits to improve the comfort and efficiency of their homes.
Checked Oct 25, 2026
Berkeley Electric Cooperative customers, South Carolina
Hope Repair Grant (Berkeley Electric Cooperative and Hope Repair)
Amount varies
Low- and moderate-income households in Berkeley County can get grant-funded home repairs, pre-weatherization and health and safety improvements through Berkeley Electric Cooperative's energy auditors and the nonprofit Hope Repair, funded by Google.
Checked Oct 25, 2026