Santee Cooper - Renewable Energy Resource Loans (South Carolina)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Santee Cooper - Renewable Energy Resource Loans|
|Incentive Type||Utility Loan Program|
|Eligible Technologies||Solar Water Heat, Photovoltaics, Wind, Biomass, Small Hydroelectric|
|Energy Category||Renewable Energy Incentive Programs|
|Terms|| Rate: variable - check website|
Repayment: up to 10 years
|Program Administrator||Santee Cooper|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
Santee Cooper offers low-interest loans to residential customers who have a licensed contractor install photovoltaic (PV) systems, wind energy systems, micro-hydropower systems, biomass energy systems, or solar water heaters. Participation in the utility's "net billing" program is not required, but customers may opt to participate in that program.*
The maximum loan amount is $40,000, and the maximum term is 10 years. Under Santee Cooper's "net billing" program, a renewable-energy system may not exceed the estimated maximum monthly kilowatt (kW) demand of the residence or 20 kW, whichever is less. A home energy audit is required prior to the purchase and installation of a system, and customers must submit an interconnection application to Santee Cooper prior to installation.
* The term "net billing" is often confused with "net metering." In general, net billing is less favorable to customers than net metering. Santee Cooper does not offer net metering.
|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.