Solar & Battery Regulation & Incentive Programs

Santee Cooper - Renewable Energy Resource Loans

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
Utility
State:
South Carolina
Eligible Storage Technologies:
Solar Water Heat, Solar Photovoltaics, Wind (All), Biomass, Hydroelectric (Small)
Website:
http://www.santeecoopersolar.com/solar-home/solar-loan/
Maximum Loan:
$40,000
Loan Term:
Rate: variable - check website
Repayment: up to 10 years
Administrator:
Santee Cooper
Applicable Sectors:
Residential
Start Date:
10/01/2007
Utility:
Santee Electric Coop, Inc
Last Updated:
04/25/2019

Summary

Santee Cooper offers low-interest loans to residential customers who have a licensed contractor install photovoltaic (PV) systems, wind energy systems, micro-hydropower systems, biomass energy systems, or solar water heaters. 


The maximum loan amount is $40,000, and the maximum term is 10 years. Under Santee Cooper's "net billing" program, a renewable-energy system may not exceed the estimated maximum monthly kilowatt (kW) demand of the residence or 20 kW, whichever is less. A home energy audit is required prior to the purchase and installation of a system, and customers must submit an interconnection application to Santee Cooper prior to installation.