Solar & Battery Regulation & Incentive Programs

Minnesota Valley Electric Cooperative -Residential Energy Resource Conservation Loan Program

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
Utility
State:
Minnesota
Eligible Storage Technologies:
Geothermal Heat Pumps, Equipment Insulation, Water Heaters, Furnaces, Boilers, Heat pumps
Website:
http://www.mvec.net/residential/financing/
Maximum Loan:
$5,000
Loan Term:
Repayment: up to 5 years
Minimum monthly payments are $25.00
Interest Rate:
4%
Administrator:
Minnesota Valley Electric Cooperative
Applicable Sectors:
Residential
Utility:
Minnesota Valley Electric Coop
Last Updated:
05/28/2019

Eligibility Criteria

EligibilitySectorsTechnologies
max $5.0000
Residential
Geothermal Heat Pumps
Equipment Insulation
Water Heaters
Furnaces
Boilers
Heat pumps

Summary

Minnesota Valley Electric Cooperative offers low-interest loans to help residential customers finance energy efficiency improvements through the Energy Conservation Loan Program. More information and loan applications can be accessed from the web site listed above.