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Heat Pump Loan

You've heard about the new, improved electric heat pumps and their great efficiency. If the upfront costs have put you off, now is the time to reconsider: Broad River Electric Cooperative can finance the installation of your new heat pump at the low interest rate of 7.5 percent APR. We even help you find a heat pump dealer.


To qualify for a heat pump loan, you must be a Co-op Member-Owner, own your home and use this home as your primary residence. If your primary residence is a manufactured home, you must own the land as well. The loan is secured with a lien on the property.

We offer loans up 80-percent of the cost of the heat pump and other approved energy efficiency measures.

Getting your loan is easy. Just fill out and submit a credit application to us. Once approved, you can have one of our approved heat pump dealers install a heat pump with a SEER value (efficiency rating) of 14 or higher. Once the heat pump is installed, the loan is closed and the payment is then conveniently added to your power bill.

You can't go wrong with an energy-efficient electric heat pump in your home. Cooling and heating with an electric heat pump is less costly than other alternative systems.

Call the Co-op office toll-free at (866) 687-2667 -- or 489-5737 in Cherokee County -- and we'll mail further information and a loan application to you or you may download the loan application below.

Download and fill out the application linked below. You can fax to 864-206-7158 or email to

There is a $3.20 processing fee required for all single applications and a $5.00 fee for joint applications. 

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Heat Pump Credit Application 15.5 KB
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