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People’s Powerline | May 2016


YT 2016 Continued from page 1


Financing available for qualifi ed members


Power Up with a new Heat Pump T


geothermal heat pumps. Loan terms up to 120 months and monthly payments added directly to your electric bill are available.


morning. The students will return on June 16.


The action-fi lled week provides high school students opportunities to learn fi rst-hand what it is like to be involved in politics, community service and today’s pressing issues in the energy industry. Students will meet their elected representatives in the U.S. House and Senate and visit historic sites.


The trip is intended to educate students about the role of electric co-ops in the national economy, to foster their appreciation for a democratic government, expose them to the sights and sounds of our nation’s heritage, and build their leadership skills so they may make a diff erence in their communities.


The Electric Cooperative Youth Tour has been a joint eff ort of local electric co-ops, such as People’s Electric Cooperative, their statewide co-op associations, and the National Rural Electric Cooperative Association (NRECA) for 52 years. Since 1964, more than 50,000 young Americans have taken advantage of this special opportunity off ered by their electric cooperative. PEC alone has sent 91 students since 1964.


PEC is committed to delivering safe, reliable, competitively priced services and energy to its member- owners, while being an outstanding community partner.


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A heat pump provides your home’s heating and air conditioning all in one unit. As the name implies, heat pumps simply move heat from one place to another. During winter months, they collect and consolidate heat from outside sources and move it inside; during summer months, they reverse the fl ow and send warm, indoor air out.


Loan interest rates are 7.5% or 10.5%, determined by whether or not you join our Sure BET (Bills Electronically Transferred) program. (7.5% with SURE BET and 10.5% without SURE BET) There is a $35.00 loan document fee, which is added to each loan.


(pictured above) Pontotoc County, Okla., geothermal loop installation at the home of People’s Electric Co-op member Randy Ross in December 2012.


PEC Heat Pump Loan Member Eligibility Requirements:


• You must be a current PEC member in good standing with no bill payments received after the 20th any month;


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• Have received active electric service from PEC during the most recent 24 months;


• Maintain a good credit report;


• Hold title to your home and allow PEC to fi le a mortgage on the property where the heat pump will be installed.


Sure BET (Bills Electronically Transferred)


No more writing checks, buying stamps or unnecessary trips to PEC to make payments. Sure BET helps take your mind off paying your electric bill. Choose to pay your actual electric bill each month on the last day the bill is due (the tenth of each month) and your bill will automatically be paid from your checking or savings account.


Simply call us toll-free 1-877-456-3031 or (580) 332-3031--or visit us online at website: www.PeoplesElectric.coop/surebet.


Questions about PEC’s Heat Pump Loan program?


Come by our offi ce at 1600 North Country Club Road in Ada during regular business hours or contact our Customer Service Department by calling 1-877- 456-3031 or (580) 332-3031.


2


he idea of owning a more effi cient home—and paying lower utility bills—has widespread appeal, but fi nding


ways to fund needed energy effi ciency improvements can often be a challenge.


Fortunately, PEC’s Heat Pump Loan Program allows members a convenient fi nancing option for the purchase and installation of electric air-to-air, dual fuel, and


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