SBEC Home Energy Financing Loan
SBEC Residential members wanting to upgrade their homes can finance their purchase of home energy products with a loan from National Cooperative Bank (NCB). We work together with NCB to expand member access to home energy products and services. These loans are available to SBEC members interested in products such as residential solar, standby generators, Air Conditioning & Heating Systems, or even home efficiency projects such as window upgrades and insulation.
This provides a flexible option for members to spread their investment cost over multiple years instead of needing to make an up-front cash payment to participate and enjoy the benefits of these offerings.
To apply for a loan contact NCB. If you have any questions, please contact our Member Services Department at 800-364-3171.
CONSUMER PRODUCTS
HOME ENERGY CONSUMER LOAN (UNSECURED)*
- Loan Amount: $3,000 to $30,000
- Loan Term: 5 to 8 years (not to exceed useful life of asset)
- Interest Rate: Fixed rate
- Total Financing Available: 100 percent of project costs
- Application Fee: N/A
- Loan Funding: 100 percent paid directly to consumer
HOME ENERGY CONSUMER LOAN (SECURED)*
- Loan Amount: $30,001 to $100,000
- Loan Term: 5 to 8 years (not to exceed useful life of asset)
- Interest Rate: Fixed rate
- Total Financing Available: 100 percent of project costs
- Application Fee: $150; non-refundable due at closing
- Collateral: UCC Filing on energy equipment
- Loan Funding: 100 percent paid directly to consumer
*Certain restrictions apply. All products offered are subject to National Cooperative Bank, N.A. guidelines.
Banking products and services provided by National Cooperative Bank, N.A. Member FDIC. NCB NMLS#422343.