Solar & Battery Regulation & Incentive Programs

Dakota Electric Association - Residential Energy Efficiency Loan Program

Program Overview

Category:: Financial Incentive
Program Type:: Loan Program
Implementing Sector:: Utility
State:: Minnesota
Eligible Storage Technologies:: Custom/Others pending approval
Website:: https://www.dakotaelectric.com/member-services/programs-rebates/for-your-home/energy-efficiency-financing/
Maximum Loan:: $7,500
OR
$25,000
Loan Term:: 6-60 months
OR
61-120 months
Interest Rate:: 0%
OR
2.99%
Administrator:: Dakota Electric Association
Applicable Sectors:: Residential
Last Updated:: 05/30/2019

Summary

Dakota Electric provides low-interest loans to help its residential customers finance projects which will improve the energy efficiency of participating homes. Two loans are offered. One is for 0% APR for a maximum loan of $7,500 and term of 6-60 months. The other is for 2.99% APR for a maximum loan of $25,000 and a term of 61-120 months. More information can be found on the program website.