NCB Loan Program
Adams Electric offers financing for energy-efficient and alternative generation projects through the National Cooperative Bank (NCB).
To APPLY for a loan, click here.
Financing for residential members of the electric cooperative for improvement projects at a resident's home or on the resident's real estate including:solar distributed generation (behind the meter solar panels); battery storage (not limited to Tesla Power Wall); gen-sets (generators and water pumps); appliances (hot water heaters, furnaces, kitchen appliances, heat pumps, etc.); energy efficiency (insulation, roofs, windows, weather stripping, doors, lighting, etc.); HVAC systems (geo-thermal heat pump systems, furnaces, AC units, conversions, etc.); and, any other purposes approved by NCB.
Unsecured: Minimum loan size $3,000; Maximum loan size $30,000
Secured: Minimum loan size $3,000; Maximum loan size $100,000
|Loan Term||5 to 8 years available (up to the useful life of the product)|
|Minimum Credit Score||700 or 680 with 2 months of reserves required|
|Total Available||100% of the project cost|
|Debt to Income||43% based on gross monthly income|
|Eligible Property Type||Primary Residence Only|
|Bankruptcy History||None in previous five years|
Secured: Lien on filing energy equipment
Secured: $150, due at signing
|Loan Pay-Off||Repayment upon the sale of residence or at loan maturity|
|Loan Funding||100% directly paid to the consumer|
|Billing||Direct to consumer billed by NCB|
|Underwriting||Income verification required|
Pre-closing: Purchase estimate/contract or serial number
Post-closing: Interconnection certificate (if required)