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
Website http://www.santeecoopersolar.com/solar-home/solar-loan/
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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