Powder River Conservation Loan Program
| Program Type | Zero-interest Loan Program |
|---|---|
| Technologies | Photovoltaics, energy efficiency appliances, and retrofits |
| Amount | Up to $2,500 per utility member per year, 36-month repayment period |
| Required Documentation | Conservation Loan Program Application |
| Official Web Site | http://www.precorp.coop/MemberServices/ConservationLoan/clp.cfm |
Powder River Energy Corp. offers its customers zero-interest rate loans for renewable energy projects, including PV, and energy efficiency projects. Loan amounts are limited to $2,500 per year per customer. The loans carry a 3 year repayment period. The application fee for a loan is equal to 4 percent of the loan’s full amount.
The loans are made directly through the utility, via a revolving loan fund created through a partnership with Basin Electric Cooperative. Through the partnerships, the utility matched funds provided by the cooperative. Loans are made available on a first-come, first-serve basis and become available when previous borrowers repay their loans.
The utility also offers energy efficiency seminars to those wishing to learn more about the loan program and renewable energy.
To be eligible for the loan, customers must attend such a seminar prior to applying. Call 800-442-3630 for dates and times.
