Propane Equipment Conversion Financing

For existing commercial buildings which use propane and can be reached by Piedmont's distribution system, Piedmont will finance the conversion costs from propane to natural gas at the rates in the table below. For more information on propane equipment conversion financing, contact Greg Johnson or contact your local Piedmont Natural Gas office and ask for a Commercial Sales Representative. Propane conversions do not require a down payment, but do require credit approval. To find out more about about what equipment can be converted and what can be replaced with natural gas equipment, contact your local Piedmont Natural Gas office.

Terms Revised Rate Applicable To: Annual terms up to 36 months Prime Rate** All natural gas equipment with year-round usage.*** All propane equipment conversions when year-round equipment included in conversion contract. Annual terms up to 36 months Prime Rate** plus 2% All natural gas equipment without year-round load. All propane equipment conversions when year round equipment is not included in conversion contract.

After December 1, 2006, all future Prime Rate changes will prompt a change to Piedmont's equipment rates on the first day of the month following the Prime Rate Change.

** Prime Rate means the rate of interest per annum announced by Wachovia Bank, National Association, from time to time as its prime rate in effect at its principal office in the City of New York, NY.
*** Includes space heating equipment when financed with other year-round equipment with a load factor of 60% or more.

Conditions:

• No down payment required with credit approval                                
• Installation and equipment must meet applicable codes and standards                                
• Installations and sales subject to Piedmont Natural Gas approval                                
• Installations inspected by Piedmont prior to payment                                
• Maximum 36-month term                                
• All rates are subject to change at any time

For more information on propane equipment conversion financing, contact Greg Johnson or contact your local Piedmont Natural Gas office and ask for a Commercial Sales Representative.

back to top