Santee Cooper - Renewable Energy Resource Loans

Program Santee Cooper - Renewable Energy Resource Loans
Category Financial Incentive
Implementing sector Utility
Last Update
State South Carolina
Administrator Santee Cooper
Start Date
Technologies Solar Water Heat, Solar Photovoltaics
Sectors Residential

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. 

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.

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