Otter Tail Power Company - Dollar Smart Financing Program

Last updated: August 28, 2018

Program Overview

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

Summary

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:

  • Air-source and geothermal heat pumps
  • Commercial lighting and refrigeration
  • Process improvement systems
  • Milk house pre-coolers and stock waterers
  • Heat-recovery systems
  • Motor and variable speed drives.

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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