Red River Valley REA - Heat Pump Loan Program (Oklahoma)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Red River Valley REA - Heat Pump Loan Program|
|Incentive Type||Utility Loan Program|
|Applicable Sector||Commercial, Residential|
|Eligible Technologies||Heat pumps, Geothermal Heat Pumps|
|Energy Category||Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs|
|Maximum Incentive||not specified|
|Terms|| Rate: Geothermal (5%); Air-Source Heat Pumps (7%)|
Repayment: up to 5 years
|Program Administrator||Red River Valley Rural Electric Cooperative|
|Date added to DSIRE||2008-09-10|
|Last DSIRE Review||2012-04-17|
The Red River Valley Rural Electric Association (RRVREA) offers a loan program to its members for air-source and geothermal heat pumps. Loans are available for geothermal heat pumps at a 5% fixed rate and for air-source heat pumps at a 7% fixed rate. Both loans have a five year term. Payments will appear on the electric bill. The loans are only available for equipment purchased from RRVREA or its subsidiary. Contact the RRVREA for more information on this program.
|Contact Name||Greg Winchester|
|Department||Red River Valley Rural Electric Cooperative|
|Address||P.O. Box 220|
|Phone 2||(580) 276-3364|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.