Energy Efficiency Loans

To apply for a low-interest loan, the member, who must also be the owner of the property, must complete a loan application. If appropriate, a co-applicant may be required. No work that is to be paid for by loan funds should be completed before the loan is approved. A $15 application fee will be applied to all applications approved or denied. For a loan application, click here.
 
An energy audit will be required for all HVAC loans prior to approval. This requirement is to ensure the home is energy efficient and that the new system is a good investment for the home. The cooperative offers energy audits for $150. The $150 will be reimbursed if the member installs a geothermal system or heat pump or if the member makes the significant recommended energy efficiency changes within one year of the audit. To learn more about energy audits, click here.

We will have a pre-approval within 72 hours of receiving the application. If pre-approved, we will need a copy of the member's last year's W-2 or last few pay stubs to verify income and a copy of the bid or estimate of the job. If the loan amount is over $2,000, we require filing a mortgage with the county and will need a copy of your recorded deed.

Upon approval for a loan, members must show proof of insurance. Members will also pay closing costs of $15 for the application fee, $24 for UCC filing fee, $57 origination fee and $76 for mortgage filing fee if a second mortgage is required (if loan amount is greater than $2,000). Additional fees may apply.

KOHLER Standby Generator Loan

Butler Rural Electric Cooperative offers qualifying residential members a loan of up to $20,000 for the purchase and installation of a new KOHLER standby generator with the convenience of having your loan payment payable with your monthly electric bill. The loan funds will include labor, electric work, plumbing, and materials. To qualify for the loan, the member must purchase a KOHLER generator through Butler Rural Electric Cooperative.

New construction homes, mobile homes, commercial accounts, and seasonal accounts do not qualify for this loan. Loan funds are budgeted on an annual basis and may be limited due to prior program activity. To download the KOHLER standby generator loan application, click here. 

Upon approval for a loan, members must show proof of insurance. Members will also pay closing costs of $15 for the application fee, $24 for UCC filing fee, $57 origination fee and $76 for mortgage filing fee if a second mortgage is required (if loan amount is greater than $2,000). Additional fees may apply.

We will need a copy of the member's last year's W-2 or last few pay stubs to verify income and a copy of the bid or estimate of the job. If the loan amount is over $2,000, we require filing a mortgage with the county and will need a copy of your recorded deed.