MidAmerican Energy (Gas and Electric) - Residential EnergyAdvantage Loan Program (Iowa)
This is the approved revision of this page, as well as being the most recent.
Last modified on February 12, 2015.
Financial Incentive Program
|Name||MidAmerican Energy (Gas and Electric) - Residential EnergyAdvantage Loan Program|
|Incentive Type||Utility Loan Program|
|Applicable Sector||Installer/Contractor, Residential|
|Eligible Technologies||Boilers, Central Air conditioners, Custom/Others pending approval, Duct/Air sealing, Furnaces, Heat pumps, Programmable Thermostats, Water Heaters, Windows, Geothermal Heat Pumps|
|Energy Category||Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs|
|Amount||Joint check payable to customer and dealer|
|Maximum Incentive||not specified|
|Terms|| Rate: fixed for the term of the loan; minimum offered interest rate of 5% APR adjust up or down with the Wall Street Journal’s published prime interest rate. |
Credit qualification determined by First American Bank
|Program Administrator||MidAmerican Energy|
MidAmerican Energy's EnergyAdvantage Financing Program, in partnership with First American Bank, offers Iowa residential energy customers below-prime financing on installation of qualifying energy efficient equipment. Customers may be eligible for a rebate or financing, but not both. The minimum loan amount available to customers is $1,000. Interested parties should call MidAmerican for rates and visit the program web site for detailed program brochures. Ratings for central air conditioners must be based on a new condensing unit with a new matched evaporator coil.
|Contact Name||EnergyAdvantage Programs|
|Address||P.O. Box 7232|
|Place||Des Moines, Iowa|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.