High Efficiency Air Conditioning Financing Program
Choose low interest or get cash back

Replacing an old central air conditioning system costs a lot of money – that green stuff that doesn’t grow on trees. That’s why MID is now offering two options for residential customers who need to replace their old, inefficient central air with a qualifying energy-saving model.

Now you can choose either:

Option 1 – A $250 cash rebate from MID, or

Option 2 – Low interest rate financing. A new MID-funded program is reducing interest rates to a level substantially below market rates. This can lower your monthly payments to a dollar amount that fits your budget. Here’s how:

Consider an energy-efficient central air conditioner costing $7,500. With MID’s new program, a customer who qualifies gets financing at a below-market rate of 9.90 percent annual percentage rate (APR). The customer buys the energy-saving central air conditioner, borrowing $7,500 for 144 months. The result? Savings of up to $1,300 over the term of the loan. That’s a lot of green stuff!

Low interest rate loans are possible through a partnership with the Electric & Gas Industries Association (EGIA). EGIA works with utilities across the U.S. For details on how to apply for a low interest loan, call EGIA toll-free at 1-866-367-3442, extension 324, or visit www.egia.org/mid.

Low interest financing is available only through local air conditioning contractors certified by EGIA and approved by MID for this program. For a list of contractors, call 209 526-7339, toll-free 1-800-304-5373, or visit www.egia.org/mid.