Southeastern Electric - Electric Equipment Loan Program (South Dakota)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place South Dakota

Name Southeastern Electric - Electric Equipment Loan Program
Incentive Type Utility Loan Program
Applicable Sector Agricultural, Commercial, Industrial, Residential
Eligible Technologies Building Insulation, Caulking/Weather-stripping, Doors, Duct/Air sealing, Heat pumps, Windows, Geothermal Heat Pumps
Active Incentive Yes

Implementing Sector Utility
Energy Category Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs
Amount Heat Pumps/Electric Heat: up to $10,000

Weatherization/Insulation loans: up to $3,000
















Maximum Incentive Heat Pumps/Electric Heat: up to $10,000
Weatherization/Insulation: $3,000









Terms Rate: 5%
All Heat Pumps/Electric Heat: 7 years (loans over $5,000); 5 years (loans under $5,000)
Weatherization/Insulation: 5 years
Program Administrator Southeastern Electric Cooperative
Website http://www.southeasternelectric.com/Member_Services/money_saving/electric_equipment_loans/index.html
Date added to DSIRE 2007-03-15
Last DSIRE Review 2012-04-23



References DSIRE[1]


Summary

Southeastern Electric Cooperative is a member-owned electric cooperative that serves customers in the southeastern part of South Dakota. Southeastern offers a loan program for customers who want to install energy efficient heating and cooling systems in homes or businesses. Loans are also available for those who want to install weatherization measures, such as storm doors, insulation or caulking.

Loans are available at a 5% interest rate for the following:

  • Geothermal, air-to-air heat pumps, or electric heat up to $10,000 for 7 years.
  • Geothermal, air-to-air heat pumps, or electric heat under $5,000 financed for 5 years.
  • Weatherization and insulation up to $3,000 for 5 years.

For loan application forms, see the program web site above.


Incentive Contact

Contact Name Customer Service - SEEC
Department Southeastern Electric Cooperative

Address 501 South Broadway

Place Marion, South Dakota
Zip/Postal Code 57043-0388
Phone (605) 648-3619
Phone 2 (800) 333-2859

Email info@southeasternelectric.com
Website http://www.southeasternelectric.com
     
     


















  • 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)"