There are many ways to improve energy efficiency in your home…better insulation, a new water heater or even our innovative Earth Connect® Geothermal Heat Pump System. But sometimes you don’t have the financial resources readily available for these improvements.
However, through Berkeley Electric Cooperative’s business partnership with Farmers & Merchants Bank of SC you can now apply for an Energy Advance Loan. These loans can help finance energy improvements from storm doors to large appliances and feature competitive interest rates. A simple phone call to your local district office can start the process today or e-mail us for more information.
An online application can also be completed with Farmers & Merchants Bank of SC. Applications will be submitted to Farmers & Merchants Bank after completing the form. You can also download and submit an application.
If you have any questions regarding your application contact Farmers and Merchants Bank at (843) 761-8888.
Farmers and Merchants Bank of South Carolina is an Equal Housing Lender / Member FDIC
The Energy Advance program will finance materials and labor for energy improvements to your home or your business. Some of the projects eligible for financing include:
- Insulation for the attic, ducts, floors, walls, water heater and water piping
- Storm windows and storm doors
- Replacement thermal windows and insulated doors
- Attic ventilation systems
- Heating and air thermostats
- High-efficiency electric heat pumps
- Caulking and weather-stripping
- Air duct system repair and replacement
- Continuous electric service with Berkeley Electric Cooperative for at least 12 months
- Applicant must be the homeowner or business owner
- Joint ownership requires that all parties complete an application
- If living in a mobile home, applicant must own the home and the land it sits on
- Heirs and ET AL properties do not qualify
- Credit check & project approval
- Must use approved contractor
- List of pre-approved contractors may be obtained from any Berkeley Electric or Farmers & Merchants office location
APPLICATION PROCESS
- Contact your local Berkeley Electric Cooperative district office and ask to speak to a Marketing & Energy Specialist, or apply online. You can also contact Farmers & Merchants Bank to set up an appointment.
- Complete the Energy Advance loan application fully and return it to one of our district offices or to F&M Bank. If you apply on-line the application is automatically submitted for review.
- Consult with The Energy ExpertsTM at Berkeley Electric Cooperative about recommended energy upgrades to improve your home’s energy efficiency and comfort.
- Upon loan approval from F&M Bank, the member must request bids from companies on the Berkeley Electric Approved Contractor list. All work must be completed and the loan closed within thirty (30) days of approval.
- After you have chosen a contractor, the loan will be closed by a F&M Bank loan officer.
- Upon completion of the job, Berkeley Electric Cooperative will inspect the contractor’s work to verify projection completion per the Cooperative’s standards and the contractor’s bid form.
- The check for improvements will be issued once the standards have been satisfied.
- Sit back in comfort and enjoy your newly improved and energy-efficient home!
ENERGY ADVANCE LOAN TERMS
Energy Advance Loan Terms:
- $1,000 minimum loan amount
- $50,000 maximum loan amount
- Loan terms are a minimum of 12 months (1 year) and a maximum of 120 months (ten years)
- Loan interest rates are based on loan term and range from 9.00% to 10.50%
- Loans are calculated on simple interest and there are no prepayment penalties
- A $50 final inspection fee is required and will be included in the loan amount
- The current UCC filing and release fees for the county records office are included in the loan amount
What about repayment:
The contractor will be paid once the work is complete to the satisfaction of both the member and Berkeley Electric Cooperative.
The loan payments will be due directly to F&M Bank. If the home is sold or the title is transferred, the loan must be paid in full prior to or in the transaction.
(Download a PDF list)
ACTION HEATING & AIR CONDITIONING
DANNY TUTEN
107 ACTION LANE
SUMMERVILLE SC 29483
843-875-2993
ACUTE HEATING & COOLING
THOMAS EDWARDS
1535 HOBBY ST. UNIT 300M
N. Charleston, SC 29418
843-899-2665
AIR CONCEPT SOLUTIONS
GREGORY SOWDER
1609 Royle Road
SUMMERVILLE, SC 29483
843-376-7214
ATLANTIS HEATING & AIR
GENE BRENNER
111 GAILLARD ROAD
MONCKS CORNER SC 29461
843-761-4273
BLANTON’S MECHANICAL & SONS
JIMMY BLANTON
6074 NEW ROAD
RAVENEL, SC 29470
843-851-7676
BRIAN'S MECHANICAL, LLC
BRIAN HUNSTAD
1106 ALWYN BLVD
SUMMERVILLE, SC 29485
843-200-0741
C L BRYANT HEATING &AIR
CARL BRYANT
1078 SCHURLKNIGHT RD
ST. STEPHEN, SC 29479
843-830-4477
CLIMATEMAKERS
JOHN SISON
4765 Franchise St. Suite A
N. Charleston, SC 29418
843-552-9024
CARNES CROSSROADS HEATING & A/C
JOYCE OR ROD BERTRAM
128 WINDING ROAD
MONCKS CORNER SC 29461
843-761-3274
CAROLINA SUN HEATING & AIR
MIKE PLATT
1305-C N. MAIN ST.
SUMMERVILLE SC 29483
843-513-2360
www.carolinasunheatingandair.com
COASTAL AIR SOLUTIONS
DALE MORRIS
409 South Live Oak Drive
Moncks Corner, SC 29461
843-868-5745
COASTAL COMFORT SOLUTIONS
SEAN LITTLE
935 HOOD ST.
CHARLESTON, SC 29412
843-885-3080
COMPLETE COMFORT AIR LLC
PO BOX 981
MOUNT PLEASANT SC 29465
843-860-0207
https://www.completecomfortair.net
CUSTOM CLIMATE
TOM MADDEN
P O BOX 2557
MT. PLEASANT SC 29465
843-881-3960
DAY & NIGHT HEATING & AIR
ARTHUR BROWN
6641 MAYBANK HWY
WADMALAW ISLAND SC 29487
843-693-3630
FOGEL SERVICES
RANDALL W. FOGEL II
9561 WILLIAM AIKEN AVE
LADSON, SC 29456
843-832-8976
GERMAN HEATING & A/C SERVICE
WILLIAM GERMANY
1076 Royle Road
Ladson, SC 29456
843-821-0485
GIBSON ALL AMERICAN HEATING & AIR MICHEAL GIBSON
1076 ROYLE RD
LADSON, SC 29456
843-200-0767
GOODWIN HEATING & AIR
JAMES GOODWIN
405 NORTH MAPLE ST. A-6
SUMMERVILLE, SC 29483
843-261-6200
HOLLY HILL SERVICES
CAROLL OTT
P O BOX 129
HOLLY HILL, SC 29059
843-899-5066/ (803) 496-2010
HORSFORD HVAC
THADDEUS HORSFORD
P O BOX 1391
ST STEPHEN SC 29479
843-567-4681
J. W. LONG MECHANICAL CO INC
BILLY LONG
PO BOX 816
SUMMERVILLE SC 29483
843-873-0371
LARRY'S HEATING AC & ELECTRICAL
LARRY OSBORN
401 McLAURIN AVE.
SUMMERVILLE, SC 29483
843-478-6253
Morelli Heating & Air
Anthony Morelli
2470 Faber Road
N Charleston, SC 29405
843-554-8600
Motte's Mechanical, LLC / Cowart Services
TIMMY MOTTE
2579 OSCAR JOHNSON
CHARLESTON SC 29405
843-747-3516
OFFICIAL HEATING & AIR
THEODORE WARING
129 Anna Bell Ln
Goose Cree SC 29445
843-200-7680
OLD TOWN HEATING & AIR LLC
FRANK ALLEN
321 WINGO WAY STE 103
MT. PLEASANT SC 29464
843-856-1433/875-2252
www.oldetowneheatingandair.com
P & H MECHANICAL INC
RANDY HILYER
P O BOX 175 / 196 LAWRENCE DR.
SUMMERVILLE SC 29483
843-875-7675
PRESTIGE HEATING & AIR
DAVID BOWEY
1244 REDBANK RD
GOOSE CREEK SC 29445
843-764-0460
RELIABLE HEATING & AIR LLC
CHRISTOPHER HOSCH
101 MOON DANCE LN
SUMMERVILLE SC 29483
843-814-0198
RUDD HOME SERVICES, PLUMBING, HEATING & AIR, LLC
ROB HODGES
P O Box 765
SUMMERVILLE SC 28485
843-879-3818
SEE'S HEATING & AIR LLC
SHANNON ELIAS
116 RED LEAF BLVD
MONCKS CORNER, SC 29461
843-729-2524
SMITH HEATING & AIR CONDITIONING
ED YOUNG
4759 FRANCHISE STREET
CHARLESTON SC 29418
843-552-3772
TWEEDY'S HEATING & AIR LLC
JOHN TWEEDY
10060 HWY 17 N
MCCLELLANVILLE SC 29485
843-887-4247
VANGUARD AIR CONDITIONING
VAN LEE
624 ENGLISH OAK CIRCLE
MONCKS CORNER SC 29461
843-633-1904
YOUMAS HEATING & AIR
WILLIE YOUMAS
8158 SCOTTSWOOD DR.
NORTH CHARLESTON, SC 29148
843-207-0402
Don’t forget to visit www.EnergyStar.gov for a list of Federal Tax Credits available for home improvements.