Santee Cooper - Smart Energy Loan Program (South Carolina)
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||Santee Cooper - Good Cents Energy Efficiency Loan Program|
|Incentive Type||Utility Loan Program|
|Eligible Technologies||Building Insulation, Caulking/Weather-stripping, Heat pumps, Water Heaters, Windows, Heat Pump Water Heaters|
|Energy Category||Energy Efficiency Incentive Programs|
|Amount|| Energy Efficient Improvement: $500 - $20,000|
Renewable Energy Resource: up to $40,000
|Maximum Incentive|| Energy Efficient Improvements: 20,000|
Renewable Energy Resource Loans: 40,000
|Terms|| Vary – Check website (currently at 1.250%)|
Energy Efficiency Improvements: up to 60 months
|Program Administrator||Santee Cooper|
|Date added to DSIRE||2006-08-22|
|Last DSIRE Review||2013-02-21|
Santee Cooper provides low interest loans to residential customers to improve the efficiency of homes through the Smart Energy loan program. Customers can apply for energy efficient improvement loans ranging from $500 to $20,000 with up to 60-months to repay loans over $1,000. Renewable energy resource loans are also available up to $40,000, with up to 120-months to repay the balance. These loans require no down payment. Combined maximum outstanding loans per customer cannot exceed $40,000.
To qualify for the loan, customers must first schedule a free energy audit with Santee Cooper. The Santee Cooper representative will recommend the most cost effective conservation measures needed for the home. Prior to passing a credit check, customers must complete a loan application for either a Renewable Energy Resource Loan or an Energy Efficiency Loan.
|Contact Name||Energy Support Services|
|Address||305A Gardner Lacy Road|
|Place||Myrtle Beach, South Carolina|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.