Implementing Sector: | Utility |
Category: | Financial Incentive |
State: | North Dakota |
Incentive Type: | Loan Program |
Web Site: | https://www.otpco.com/ways-to-save/rebates-and-savings/financing-business/ |
Administrator: | Otter Trail Power Company |
Eligible Renewable/Other Technologies: | Geothermal Heat Pumps |
Eligible Efficiency Technologies: | Water Heaters, Lighting, Furnaces, Heat pumps, Heat recovery, Motors, Motor VFDs, Custom/Others pending approval, Other EE, Yes; specific technologies not identified, Commercial Refrigeration Equipment |
Otter Tail Power Company's DollarSmart Financing Program offers $150 - $100,000 loans to its business customers. As part of Minnesota's Conservation Improvement Program, qualifying Minnesota customers are eligible for the 1.9% Energy Efficiency plan to help pay for Conservation Improvement Program (CIP) qualified energy-saving technologies including:
Customers should see the program website for more information.
Note: Balance in full is required if the loan recipient terminates electric service from the Otter Tail Power Company, sells or transfers title to a home or business, or moves property out of the Otter Tail Power Company service territory.
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