Minnesota Valley Electric Cooperative -Residential Energy Resource Conservation Loan Program (Minnesota)

From Open Energy Information

Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Minnesota


Name Minnesota Valley Electric Cooperative -Residential Energy Resource Conservation Loan Program
Incentive Type Utility Loan Program
Applicable Sector Residential
Eligible Technologies Building Insulation, Caulking/Weather-stripping, Doors, Equipment Insulation, Heat pumps, Water Heaters, Windows, Geothermal Heat Pumps
Active Incentive Yes
Implementing Sector Utility
Energy Category Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs
Amount Heat Pump Installation: up to $5,000

Electric Water Heater and Installation: up to $5,000
Electric Heating Equipment: up to $5,000
Heat Pump Installation: up to $5,000
Weatherization: up to $1,500













Terms Rate: 5%
Repayment: up to 5 years
Program Administrator Minnesota Valley Electric Cooperative
Website http://www.mvechttp://www.mvec.net/residential/financing/.net/save/loans.asp


References DSIRE[1]


Summary

Minnesota Valley Electric Cooperative offers low-interest loans to help residential customers finance energy efficiency improvements through the Energy Conservation Loan Program. ERC Loans can be used for:

  • Caulking
  • Weather stripping
  • Heat pumps and electric water heaters
  • Heat pump installations
  • Electric water heaters
  • Water heater installation
  • Boilers
  • Plenum Heaters
  • Garage Heaters
  • Insulation for ceilings, walls, floors, ducts, pipes and water heaters
  • Thermal windows
  • Storm or thermal doors

ERC loans are available only for replacement items, not for new homes. Loans of up to $5,000 are available for heat pumps, electric water heaters, and other electric heating products.  Weatherization measures are eligible for a loan of up to $1,500. Minimum monthly payments are $25. Loan applications can be accessed from the web site listed above.

<metadesc> Minnesota Valley Electric Cooperative -Residential Energy Resource Conservation Loan Program: energy incentive program. </metadesc>

Incentive Contact

Contact Name Debi Nelson
Department Minnesota Valley Electric Cooperative
Address 125 Minnesota Valley Electric Drive
Place Jordan, Minnesota
Zip/Postal Code 55352
Phone (952) 492-2313
Phone 2 (800) 282-6832
Email info@mvec.net
Website http://www.mvec.net/


















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

References

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