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Southeastern Electric - Electric Equipment Loan Program

Last Review: 2012-04-23
Incentive Type: Utility Loan Program
Eligible Efficiency Technologies: Heat pumps, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors, Geothermal Heat Pumps
Applicable Sectors: Commercial
Terms: Rate: 5%
All Heat Pumps/Electric Heat: 7 years (loans over 5,000); 5 years (loans under 5,000)
Weatherization/Insulation: 5 years
Incentive Amount: Geothermal and Air-Source Heat Pumps/Electric Heat: up to 10,000
Weatherization/Insulation loans: up to 3,000
Website: http://www.southeasternelectric.com/Member_Services/money_saving/electric_equipment_loans/index.html

Summary:

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 web site above.


Contact:
Customer Service - SEEC
Southeastern Electric Cooperative
501 South Broadway

Marion, SD 57043-0388
Phone:(605) 648-3619 Ext.
Phone 2:(800) 333-2859
Email: info@southeasternelectric.com
Web site: http://www.southeasternelectric.com

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