Blue Ridge Electric Cooperative customers, South Carolina · Loan
Heat Pump Loan Program (Blue Ridge Electric Cooperative)
Run by Blue Ridge Electric Cooperative
Blue Ridge Electric Cooperative finances a new heat pump on your electric bill at 8% for up to 60 months, up to $15,000 for one heat pump ($20,000 for two, $10,000 for a mobile home), installed by an approved dealer.
Amounts
How much you get
On-bill loan at 8.0% interest. The amount depends on which of these fits your install.
| What you install | You get |
|---|---|
| One heat pump: loan up to $15,000House | N/A |
| Two heat pumps: loan up to $20,000House | N/A |
| One heat pump: loan up to $10,000Mobile home | N/A |
Eligibility
Do I qualify?
You need to meet all 5 of these.
Member of Blue Ridge Electric Cooperative for at least 12 months.
You must own the home (or mobile home) and the property.
Replace the entire heat pump unit with one rated 15 SEER or SEER2 equivalent (14 for mobile homes).
Installed by a Blue Ridge Electric approved dealer.
What to doPick an installer from Blue Ridge Electric's approved heat pump dealer list.
Credit application approval.
Equipment
What equipment counts
The program sets these minimums for heat pumps.
- Heat pumps
Heat pump must have a rating of 15 SEER, or SEER2 equivalent (14 SEER or SEER2 equivalent for mobile homes).
Applying
How to apply
Get approved before you buy anything.
- Choose an installer from Blue Ridge Electric's approved dealer list.
- Complete the credit application with the amount needed.
Or visit an office or call Member Services at 800-240-3400.
- Once approved, have the heat pump installed.
- Repay monthly on your Blue Ridge Electric bill.
Forms and instructionsBlue Ridge Electric Cooperative: Heat Pump Loan terms and amounts · Blue Ridge Electric Cooperative: On-Bill Financing
Questions about applying800-240-3400
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
Pick an installer from Blue Ridge Electric's approved heat pump dealer list.
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 Heat Pump Loan Program (Blue Ridge Electric Cooperative) pay?
Up to $20,000.
Do I need to be a Blue Ridge Electric Cooperative customer?
Yes. It’s only for homes in Blue Ridge Electric Cooperative customers, South Carolina. See Do I qualify for the details.
Do renters qualify?
You must own the home (or mobile home) and the property.
Do I have to use a contractor?
Yes. Installed by a Blue Ridge Electric approved dealer.
Do I need approval before I buy?
Yes. Apply before you buy or install anything; purchases made first don’t qualify.
Is it still available?
Yes. It was open when we last checked, on October 25, 2026.
Plain words
Words used on this page
- SEER2 and EER2
- Cooling efficiency ratings on the model’s spec sheet. Higher is better.
References
Sources
This page is built from these official pages, run by the program itself.
- Blue Ridge Electric Cooperative: Heat Pump Loan Program
- Blue Ridge Electric Cooperative: Heat Pump Loan terms and amounts
- Blue Ridge Electric Cooperative: On-Bill Financing
When one of these pages changes, we re-check this page against it.
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