| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | South Dakota |
| Incentive Type: | Loan Program |
| Web Site: | http://southeasternelectric.com/member-services/loans |
| Administrator: | Southeastern Electric Cooperative |
| Eligible Renewable/Other Technologies: | Geothermal Electric, Geothermal Heat Pumps |
| Eligible Efficiency Technologies: | Heat pumps, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors |
| Maximum Loan: | Heat Pumps/Electric Heat: Up to $10,000 Weatherization/Insulation: $3,000 |
| Loan Term: | Rate: 5% All Heat Pumps/Electric Heat: 7 years (loans over $5,000); 5 years (loans under $5,000) Weatherization/Insulation: 5 years |
| Interest Rate: | 5% |
| Technologies: | Geothermal Electric, Geothermal Heat Pumps, Heat pumps, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors |
| Sectors: | Commercial, Industrial, Residential, Agricultural |
| Parameters: | The incentive has a maximum of $10000.00, The incentive has a minimum of 3000.00 $/Unit |
Southeastern Electric Cooperative is a member-owned electric cooperative that serves customers in the southeastern part of South Dakota. Southeastern offers a loan program for customers who want to install energy efficient heating and cooling systems in homes or businesses. Loans are also available for those who want to install weatherization measures, such as storm doors, insulation or caulking.
Loans are available at a 5% interest rate for the following:
- Geothermal, air-to-air heat pumps, or electric heat up to $10,000 for 7 years.
- Geothermal, air-to-air heat pumps, or electric heat under $5,000 financed for 5 years.
- Weatherization & insulation up to $3,000 for 5 years.
For loan application forms, see the program website above.
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A solar PV system is custom-designed for your home. Final solar system price may vary based on your location, monthly utility bill, government incentives and rebates, the condition of your home, and local installation prices. Solar PV system output and estimated savings are calculated based on several factors including product type, system production, geography, weather, shade, electricity use, full utilization of the 30% solar investment tax credit, and utility rate structures and rate increases. Savings on your total electricity costs are not guaranteed. Financing options and terms vary by location, and may not be available in all areas. Solar QC is neither the lender nor the project installer. Solar QC License# 1130591
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