Heat Pump Financing

Expanding Members Options!

Here at Four County EMC, we take pride in upholding our seven cooperative principles. Cooperation among cooperatives is vital in our efforts to provide our members with more options and the best services possible. Four County EMC members are now eligible to join the ElecTel Cooperative Federal Credit Union. The credit union provides the ability to charge lower rates for loans because they are a nonprofit cooperative. Instead of taking profits and paying stockholders, the credit union returns these profits to members as dividends or improved services. The other great thing about being a part of a credit union is that each member owns one share of the organization, like at Four County EMC.


 Join ElecTel today and benefit from the services they provide:

Savings Accounts

Auto Loans

Free Checking Accounts

Secured and Unsecured Loans

Visa Credit and Free Debit Cards

Home Equity Loans/Home Loans

Money Market Accounts

Free Online Banking, Bill Pay, and eStatements


Accounts insured by NCUA up to $250,000


Energy Efficient Loans


Becoming an ElecTel Member

All Four County EMC members can become ElecTel members by completing their membership application (this can be accomplished online) and submitting a minimum deposit of $1.00. You can also stop by one of their physical locations in Raliegh, Hillsborough, or Wake Forest. To apply, you will need a government-issued ID or Passport with your current address, social security number, and date of birth, and you must be a cooperative member. Remember that if you have Four County EMC as your electrical provider, you are not just a customer but a member! This means that you are a cooperative member and will qualify in that aspect to join ElecTel! Go to https://electel.org to learn more about the ElecTel Cooperative Federal Credit Union and to apply!

ElecTel’s Energy Efficient Program

An advantage ElecTel provides is that they offer an Energy Efficient Loan Program! These loans are easily accessible over the phone, so you do not have to drive to the office to apply if you do not wish to! The cooperative offers low fixed rates and up 100% purchase price financing, including taxes and installation. The payment terms are flexible, and members can loan up to $35,000 from this program! These energy-efficient improvements include anything from electric heat pumps, weather stripping, electric/solar water heaters, insulation, windows, doors, generators, and other solar or energy star-related items! Review https://electel.org/apply/energy-efficient-loans/ for more information and to apply for a loan.

 If you purchase energy-star appliances, don’t forget to apply to Four County EMC for your $50 rebate per appliance! Visit https://www.fourty.org/rates-rebates-free-checkup/ for more information and to download a rebate application form.

Four County EMC Discontinues Comfort Loans

Four County EMC no longer offers comfort loans to members, but any loan a member already has will not be affected. They will continue to make payments as they always have. The Four County EMC comfort loan program only provided loans up to $6,500 over five years for a heat pump, insulation, or ductwork repair. We wanted to offer our members more! We have received many calls for inquiries on replacement windows, doors, generators, appliance loans, etc., and to better serve our members, we wanted to expand their options. ElecTel Cooperative Federal Credit Union provides us with that option.

Four County EMC rebates are available for any member that installs a 16 SEER or greater heat pump. Please call our office to notify us that you have had a new one installed; proof of purchase will be required to qualify for the rebate. Visit https://www.fourty.org/rates-rebates-free-checkup/ for more information and to download a rebate application form.

If you are interested in a loan for any energy-efficient improvements, don’t hesitate to get in touch with Electel at 919-872-2395, and they will be able to assist you!

Recommended Heat Pump Dealers in our Service Territory

Here is a list of Heat Pump Dealers that Four County EMC recommends. You can still choose any Heat Pump Dealer you wish, and these authorized dealers are the ones we have suggested in the past. We want to thank them for their many years of service to our Four County members!

For a list of local, authorized heat pump specialists, click on the link below. Viewing requires Adobe Acrobat Reader.

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