Loans and Rebates
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Residential Heating System Incentives
Maximum Rebate is $600.00 per structure.
For geothermal or "Energy Star" heat pump systems, Kingsbury Electric will provide: $600.00 rebate per structure, and a 5% interest rate loan for the cost of the electric heating equipment, ductwork, wiring and labor. To receive the Kingsbury Electric's rebate, equipment must be new electrical equipment and must be a least 2 ton electric heat pump and Energy Star certified. Only ONE electric heating incentive payment will be paid per structure every 15 years.
Loans will have an interest rate of 5% and will be limited to $25,000 and maybe for a period of up to 84 months.
Water Heater Rebates
KEC will provide rebates for only electric water heaters, which are connected to the load management system, and either carry a lifetime warranty against tank leakage or are units installed in new construction with a .9 energy factor and 10 year warranty, are eligible for rebates. A six dollar rebate per gallon will be given to the member is a copy of the sales receipt showing model number and serial number is provided, and if they have not previously received a rebate at the same location in the past 15 years.
The cooperative gives incentives rebates on Energy Star appliances which includes the following:
To apply for the rebates, the member must submit a copy of the invoice and also supply proof of disposal for replacement refrigerators. The invoice should include the make, model and serial number of the new appliance.
Touchstone Energy® Cooperatives is a national network of electric cooperatives across 46 states that provides resources and leverages partnerships to help member cooperatives and their employees better engage and serve their members. By working together, Touchstone Energy® Cooperatives stand as a source of power and information to their 32 million member-owners every day.