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Stearns Electric Association - Energy Efficiency Loan Program

Last Review: 2012-06-29
Incentive Type: Utility Loan Program
Eligible Efficiency Technologies: Equipment Insulation, Water Heaters, Heat pumps, Central Air conditioners, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors
Applicable Sectors: Commercial
Terms: Rate: 5%
Repayment: up to 60 months
Incentive Amount: up to 5,000
Website: https://www.stearnselectric.org/ercloanres.htm

Stearns Electric Association, through a program offered by Rural Utilities Services, offers its members low-interest Energy Resource Conservation (ERC) loans. The complete cost of making approved energy conservation improvements may be eligible for financing with an ERC loan at 5% interest. Up to $5,000 for qualifying improvements to homes, businesses, or agricultural buildings at least one year old. The maximum repayment schedule is set at 60 months on a $5,000 loan. Financed improvements to a residence must meet the criteria as outlined by the ERC loan program guidelines. Related costs for materials, equipment, and labor (if done by a contractor) are all eligible for financing. This includes the expenses for electrical wiring, the heating equipment, and/or duct work. A list of eligible measures can be found on the program application form located on the program web site. When applications are completed, return them to the St. Cloud office.


Melrose Office Customer Service- SEA
Stearns Electric Association
900 East Kraft Drive

Melrose, MN 56325-9400
Phone:(320) 256-4241 Ext.
Phone 2:(800) 962-0655
Email: info@stearnselectric.org
Web site: http://www.stearnselectric.org


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