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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

Summary:
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.

 


Contact:
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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