|Incentive Type:||Utility Loan Program|
|Eligible Efficiency Technologies:||Heat pumps, Geothermal Heat Pumps|
Rate: Geothermal (5%); Air-Source Heat Pumps (7%)
Repayment: up to 5 years
|Incentive Amount:||not specified|
The Red River Valley Rural Electric Association (RRVREA) offers a loan program to its members for air-source and geothermal heat pumps. Loans are available for geothermal heat pumps at a 5% fixed rate and for air-source heat pumps at a 7% fixed rate. Both loans have a five year term. Payments will appear on the electric bill. The loans are only available for equipment purchased from RRVREA or its subsidiary. Contact the RRVREA for more information on this program.