Dakota Electric Association - Residential Energy Conservation Loan Program (Minnesota)

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Last modified on May 24, 2011.

Financial Incentive Program

Place Minnesota

Name Dakota Electric Association - Residential Energy Conservation Loan Program
Incentive Type Utility Loan Program
Applicable Sector Residential
Eligible Technologies Lighting, Windows, Doors, Comprehensive Measures/Whole Building, Custom/Others pending approval
Active Incentive No

Implementing Sector Utility
Energy Category Energy Efficiency Incentive Programs
Amount 1,000 - 10,000

Maximum Incentive 10000

Terms Rate: 7.99%
Repayment: up to 5 years
Program Administrator Dakota Electric Service
Website https://www.dakotaelectric.com/residential/programs/energy_efficiency_loans
Date added to DSIRE 2006-09-25
Last DSIRE Review 2010-02-23

References DSIRE[1]


Dakota Electric, in association with Anchor Bank, provides loans to assist residential customers to finance energy efficient improvements to their homes. The loans range from $1,000 and $10,000 and can only be used for energy conservation projects. The interest rate is fixed at 7.99%, but is adjusted quarterly for future loans. Interested customers should call to verify the current rate.

Loan applications are available from Dakota Electric upon request and need to be submitted along with a copy of the most recent pay stubs for each borrower as proof of income. If any borrower is self-employed, they need to provide a copy of the first two pages of their most recent federal tax return. Additional information may be found on the program website.

Incentive Contact

Contact Name Energy Experts
Department Dakota Electric Service

Address 4300 220th Street West

Place Farmington, Minnesota
Zip/Postal Code 55024
Phone (651) 463-6243
Phone 2 (800) 874-3409

Email energyservices@dakotaelelctric.com
Website http://www.dakotaelectric.com/

  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]


  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"