Skip to main content
Contact Us
Pay Online
Outage Center
Load Control Status C & I
Load Control Status Residential
Home

Call Us: (800) 734-6421 | (507) 373-6421

Menu
  • COMMUNITY
    • Heartland Security
    • Links
    • Member Engagement Group
    • Northland Connect - Internet
    • Operation Round Up
    • Youth Tour
    • Scholarships
    • POLITICAL ACTION
      • Cooperative Action Network
      • Co-op Vote
      • Team Up For Action
      • ACRE: Co-op Owners for Political Action
  • OUTAGE INFO
    • Power Outages
    • Outage Center
  • REBATES
    • Rebates
  • MY COOPERATIVE
    • Annual Meeting
    • About Touchstone Energy
    • Careers
    • Capital Credits
    • Contact Us
    • Heartland Security
    • History
    • Privacy Notice
    • Statement of Non-Discrimination
    • About Us
    • Bylaws and Articles
    • BOARD OF DIRECTORS
      • Board of Directors
      • Director Elections
      • Electronic Voting
    • NEWS & INFO
      • News
      • Newsletter
    • SAFETY
      • Downed Power Lines
      • Electric Safety
      • Farm Safety
      • Safety Demonstration
      • Safety Quiz
      • Continuity of Service
  • SERVICES
    • ELECTRIC SERVICE
      • Line Clearance
      • Service Upgrade & Relocation
        • Disconnections & Reconnections
      • Call Before Digging
      • Vegetation Management
      • Who's Responsible?
      • New Construction
    • ENERGY SERVICES
      • Energy Audits
        • Home Energy Audit
        • Farm Energy Estimator
        • Touchstone Energy Guide
        • Links & Tools
      • Special Rates
        • About Special Rates
      • Compare Fuels
      • Financing
      • Energy Saving Guides
      • Electric Vehicle
      • Summer Shift
      • RENEWABLES
        • Evergreen Program
        • Interconnection Information
        • Utility Scale Solar
      • Load Control - C & I
      • Load Control - Residential
    • MEMBER SERVICES
      • New Member
      • Billing & Usage
      • Energy Assistance
      • Update Your Contact Information
      • Payment Options
        • Automatic Bill Payment FAQs
      • Bill Inserts
      • Outdoor Area Lighting
      • FORMS
        • Online Forms
        • Downloadable Information
      • Limited English Proficiency
      • Military Disconnection Protection

Financing

You are here

  1. SERVICES
  2. ENERGY SERVICES
  3. Financing
  4. Financing

Beneficial Electrification Improvement Financing Policy 4.004
FMEC Consumer Loan

Beneficial Electrification Financing

Freeborn Mower Electric Cooperative offers its members, Beneficial Electrification Financing. This financing consists of low-interest loans of $1,000-$7,500 to be borrowed over two to five years. The interest rate will be the current Prime Rate as published at the time of the loan application. 

The financing can be used to provide financial assistance in the form of low-cost loans to its members for the purpose of installing energy-efficient electric HVAC equipment, electric water heating equipment, insulation, windows, doors, permanent standby generators, whole house battery backup, electric vehicle charging equipment and Energy Star electrical appliances.  Other energy-efficient residential upgrades may be determined appropriate for this loan program at the discretion of the Chief Executive Officer (CEO) or his appointees. 

The following steps illustrate how the program works: 

  1. Member contacts FMEC to get loan application.
  2. Member obtains a written quote for the improvement/equipment.
  3. Member completes and returns application, along with loan origination fee of $50, and a copy of the contractor's quote to FMEC.
  4. FMEC reviews member application.
  5. FMEC contacts member to let them know if their loan has been approved.
  6. Member purchases equipment and/or has contractor make installation (s).
  7. FMEC contacts member when loan check is ready.
  8. Member picks up loan check and signs promissory note.
  9. Member pays for equipment and/or installation.
  10. Member pays off loan on a monthly basis.

For further questions, please contact our office at (507) 373-6421.

 

Back to Top

Quick Links

  • Contact Us
  • News
  • Statement of Non-Discrimination
  • Privacy Policy
  • Load Control C & I
  • Load Control Residential

Our Location

Feedback

We'd Like To Hear From You...

As a member of an electric cooperative, you have a voice.

Click here to submit a comment or question.

OUR OFFICE WILL BE CLOSED THE FOLLOWING HOLIDAYS:
Thanksgiving Thursday, November 24, 2022
Thanksgiving (Day After)  Friday, November 25, 2022
Christmas Eve Day Friday, December 23, 2022 (Observance of Christmas Eve)
Christmas Day Monday, December 26, 2022 (Observance of Christmas Day)
New Year's Day  Monday, January 2, 2023 (Observance of New Year's Day)  
2023 Holidays   
Memorial Day  Monday, May 29, 2023
Independence Day Tuesday, July 4, 2023
Labor Day  Monday, September 4, 2023
Thanksgiving  Thursday, November 23, 2023
Thanksgiving (Day After)  Friday, November 24, 2023
Christmas Eve Day Monday, December 25, 2023 (Observance of Christmas Eve)
Christmas Day Tuesday, December 26, 2023 (Observance of Christmas Day)
New Year's Day  Monday, January 1, 2024

Follow Us Online

©2023 Freeborn Mower Electric Cooperative. All Rights Reserved.

  • COMMUNITY
    • Heartland Security
    • Links
    • Member Engagement Group
    • Northland Connect - Internet
    • Operation Round Up
    • Youth Tour
    • Scholarships
    • POLITICAL ACTION
      • Cooperative Action Network
      • Co-op Vote
      • Team Up For Action
      • ACRE: Co-op Owners for Political Action
  • OUTAGE INFO
    • Power Outages
    • Outage Center
  • REBATES
    • Rebates
  • MY COOPERATIVE
    • Annual Meeting
    • About Touchstone Energy
    • Careers
    • Capital Credits
    • Contact Us
    • Heartland Security
    • History
    • Privacy Notice
    • Statement of Non-Discrimination
    • About Us
    • Bylaws and Articles
    • BOARD OF DIRECTORS
      • Board of Directors
      • Director Elections
      • Electronic Voting
    • NEWS & INFO
      • News
      • Newsletter
    • SAFETY
      • Downed Power Lines
      • Electric Safety
      • Farm Safety
      • Safety Demonstration
      • Safety Quiz
      • Continuity of Service
  • SERVICES
    • ELECTRIC SERVICE
      • Line Clearance
      • Service Upgrade & Relocation
        • Disconnections & Reconnections
      • Call Before Digging
      • Vegetation Management
      • Who's Responsible?
      • New Construction
    • ENERGY SERVICES
      • Energy Audits
        • Home Energy Audit
        • Farm Energy Estimator
        • Touchstone Energy Guide
        • Links & Tools
      • Special Rates
        • About Special Rates
      • Compare Fuels
      • Financing
      • Energy Saving Guides
      • Electric Vehicle
      • Summer Shift
      • RENEWABLES
        • Evergreen Program
        • Interconnection Information
        • Utility Scale Solar
      • Load Control - C & I
      • Load Control - Residential
    • MEMBER SERVICES
      • New Member
      • Billing & Usage
      • Energy Assistance
      • Update Your Contact Information
      • Payment Options
        • Automatic Bill Payment FAQs
      • Bill Inserts
      • Outdoor Area Lighting
      • FORMS
        • Online Forms
        • Downloadable Information
      • Limited English Proficiency
      • Military Disconnection Protection