Santee Cooper - Renewable Energy Resource Loans (South Carolina)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place South Carolina

Name Santee Cooper - Renewable Energy Resource Loans
Incentive Type Utility Loan Program
Applicable Sector Residential
Eligible Technologies Solar Water Heat, Photovoltaics, Wind, Biomass, Small Hydroelectric
Active Incentive Yes

Implementing Sector Utility
Energy Category Renewable Energy Incentive Programs
Amount 1,000-40,000







Start Date 2007-10-01







Maximum Incentive 40,000









Terms Rate: variable - check website
Repayment: up to 10 years
Program Administrator Santee Cooper
Website https://www.santeecooper.com/portal/page/portal/santeecooper/myhome/smartenergy/smartenergyloans
Date added to DSIRE 2007-10-30
Last DSIRE Review 2012-09-12



References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


Summary

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.


Incentive Contact

Contact Name Energy Support Services
Department Santee Cooper

Address 305A Gardner Lacy Road

Place Myrtle Beach, South Carolina
Zip/Postal Code 29579
Phone (843) 761-8000


Email energy.advisor@santeecooper.com
Website http://www.santeecooper.com/index.html
     
     


  • 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"