Coastal Electric Cooperative customers, South Carolina · Loan
Energy Advance Loan (Coastal Electric Cooperative)
Run by Coastal Electric Cooperative
Coastal Electric Cooperative members can borrow up to $10,000 at a fixed rate for up to 5 years, repaid on the power bill, for heat pumps, dual fuel systems, insulation, windows, doors and other efficiency work in an existing home.
Amounts
How much you get
Loan of up to $10,000 at a competitive fixed interest rate for up to 5 years, with payments added to the power bill. A down payment, filing and recording fees and other administration costs may apply, and a lien is filed on the property until the loan is repaid. The page doesn't publish the rate.
Eligibility
Do I qualify?
You need to meet all 3 of these.
Coastal Electric Cooperative member, for work in an existing home.
A credit report is required and a credit score of 600 or greater is needed.
A lien is filed on the property until the loan is paid off, so you need to own it.
Equipment
What equipment counts
Applying
How to apply
Follow these steps.
- Complete the Energy Advance application online, or download it and return it to Coastal Electric.
Or contact the co-op at 843-538-5700 to discuss a loan.
- Pass the credit check (score of 600 or greater).
- Close the loan; a lien is filed on the property.
- Repay on your monthly power bill.
Forms and instructionsCoastal Electric Cooperative: Contact Us
Questions about applying843-538-5700
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 Energy Advance Loan (Coastal Electric Cooperative) pay?
Amount not published. Loan of up to $10,000 at a competitive fixed interest rate for up to 5 years, with payments added to the power bill. A down payment, filing and recording fees and other administration costs may apply, and a lien is filed on the property until the loan is repaid. The page doesn't publish the rate.
Do I need to be a Coastal Electric Cooperative customer?
Yes. It’s only for homes in Coastal Electric Cooperative customers, South Carolina. See Do I qualify for the details.
Do renters qualify?
A lien is filed on the property until the loan is paid off, so you need to own it.
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.
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