Serving area residents for 82 years
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(563)732-2211
Loans

If a remodeling project or major home improvements are on your “to-do list”, contact Eastern Iowa REC before any plans are finalized.  The Cooperative’s low-interest loan programs may provide much needed financial assistance for your spring plans. This loan program provides 5% loan funds to help finance energy-saving home improvements. These can include equipment necessary for the Cooperative’s heat plus home heating rate, storm windows and doors, insulation and other weatherization projects.

Additional loan funds are available through the Cooperative’s revolving low-interest loan fund. These funds can be used to purchase energy efficient electric home appliances, standby generators and power quality equipment. The loan funds also can be used to update electric service entrances or wiring from the service entrance to other outside buildings and for electric home heating systems not covered by the ERC loan program. The loan program is available to home owners and renters.  A credit report will be completed before any loan is approved.

The Cooperative can offer the low-interest loans and other special home heating rates and rebates because the programs make more efficient use of the electric generation, transmission and substation facilities. These efficiencies are turned into dollars by the Cooperative’s power supplier and are passed on to participating members. For more information about the Cooperative’s low-interest loan programs, contact the Cooperative member service department, member.service@easterniowa.com or call, toll free, 1-800-728-1242.

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Our Customers Say...
Latest news
High winds result in multiple outages
03.07.17
Approximately 750 members are without power as of 6:30 a.m. March 7. Full Story >>
Facility Charge: What is it and what does it pay for?
01.19.17
Facility or fixed charges with electric utilities are necessary for rate equity among ratepayers. Full Story >>
Read All Here>
Safety Tips
Pick up the phone before the shovel...
Pick up the phone before you pick up a shovel. In many areas, homes are served by underground electric lines. If you’re digging near an underground cable and cut into a line, not only will you probably interrupt service to your home, but you could also receive a serious shock! One call can start the process to ensure your project will be safely completed. Contact Iowa One Call toll free, dial 811 for information to help you dig safely this spring.