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HomeAdvantage Loan Program

The program features a low (5%) interest rate on improvements up to $15,000 and focuses on making energy improvements to existing homes. These improvements need to have a reasonable return on the financial investment – typically less than 6 years – or they will not be recommended.

The program is designed with the member’s needs in mind. Not only does it feature a low interest rate, the loan payment will be added to the electric bill for easy payment.  Ideally, the program is designed so that energy savings should cover the cost of the loan.

Berkeley Electric will provide Building Performance Institute-certified energy experts to create a prioritized list of energy improvements that will provide the largest energy savings and improved comfort.

Once a member is approved for the loan, the Co-op will provide a list of approved contractors to choose from.  When the work is completed, an energy expert from Berkeley Electric Cooperative will conduct a final inspection of the contractor’s work to make sure it is completed to the required standards. Members must have a good credit rating with Berkeley Electric Cooperative in order to be approved.


(Please note that you must be a member of Berkeley Electric Cooperative for at least 12 months in order to apply)


For more information regarding the HomeAdvantage Loan program please e-mail us.





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