Southeastern Electric - Electric Equipment Loan Program (South Dakota)
Last modified on February 12, 2015.
Financial Incentive Program
|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|
|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|
|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|
|Date added to DSIRE||2007-03-15|
|Last DSIRE Review||2012-04-23|
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.
|Contact Name||Customer Service - SEEC|
|Department||Southeastern Electric Cooperative|
|Address||501 South Broadway|
|Place||Marion, South Dakota|
|Phone 2||(800) 333-2859|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.