Southeastern Electric Cooperative - Electric Equipment Loan Program

Program Southeastern Electric Cooperative - Electric Equipment Loan Program
Category Financial Incentive
Implementing sector Utility
Last Update
State South Dakota
Administrator Southeastern Electric Cooperative
Website http://southeasternelectric.com/member-services/loans
Sectors Residential

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 & insulation up to $3,000 for 5 years.

For loan application forms, see the program website above.

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