Tri-County Electric Cooperative provides loan funds to members for the purpose of financing the purchase and installation of all electric energy efficient heating and cooling equipment including all types of electric heat pumps, other electric heating equipment, and central air conditioning at locations served bt the cooperative.  If you are interested in installing a geothermal system, see GEOTHERMAL EQUIPMENT FINANCING information below. 

• Maximum amount of loan is $7,000.
• The interest rate will be the prime interest rate as set the first day of the month in which the note is signed or 5%, whichever is greater.
• Maximum Loan term shall be 60 months (no penalty for early payoff).
• Only the property owner is eligible and only one loan available per member.
• Member must be in good credit standing with the cooperative.
• Checks will be made out to two parties (member and dealer).
• Promissory note, security agreement, UCC-1 financing statement, and Truth-In-Lending statement must be completed.
• UCC-1 filing fee to be paid by member prior to processing loan.
• Requests for loan will be subject to approval by Tri-County Electric Cooperative.
• Equipment installed shall have a minimum rating of 15.0 SEER (Seasonal Energy Efficiency Ratio).  

We’ve made it easy for you to apply for financing with Tri-County Electric. You can choose to complete your application online by clicking the button below, or download and print the form below to submit it in the way that works best for you.

How to Apply:

• Apply Online – Fill out and submit your application directly through our secure online form.
• Print & Submit – Download the application and return it by:
  • Mail – Send to Tri-County Electric Cooperative, 3906 Broadway St, Mt. Vernon, IL 62864
  • In Person – Bring it to our office during business hours
  • Email – Send your completed form to lhutchison@tricountycoop.com