Fort Morgan’s electric co-op and a bank have teamed up to provide co-op members with loans to help them go green.
Morgan County Rural Electric Association has found that often there are members who want to add solar panels to their home or they want to update their windows so they are more efficient, but they don’t have the money. So MCREA partnered with Fort Morgan State Bank to create “Green for going Green.”
This loan program offers 100 percent financing for approved energy efficiency products, wind turbines, energy-efficient windows, solar panels, new insulation, and other efficiency and renewable products. Qualified borrowers must own the home or business and it must be served by MCREA. The applicant must submit a loan application and have an energy audit or an economic estimate from MCREA.
The loans are making it possible for more MCREA members to make their homes more energy efficient and for others to add renewable energy resources to property. It’s a win-win situation.