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Minnesota

Minnesota

Incentives/Policies for Renewables & Efficiency

Printable Version
Stearns Electric Association - Energy Efficiency Loan Program   

Last DSIRE Review: 06/29/2012
Program Overview:
State: Minnesota
Incentive Type: Utility Loan Program
Eligible Efficiency Technologies: Equipment Insulation, Water Heaters, Heat pumps, Central Air conditioners, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors
Applicable Sectors: Commercial, Residential, Agricultural
Amount:up to $5,000
Maximum Incentive:$5,000
Terms:Rate: 5%
Repayment: up to 60 months
Web Site: https://www.stearnselectric.org/ercloanres.htm
Summary:
Stearns Electric Association, through a program offered by Rural Utilities Services, offers its members low-interest Energy Resource Conservation (ERC) loans. The complete cost of making approved energy conservation improvements may be eligible for financing with an ERC loan at 5% interest. Up to $5,000 for qualifying improvements to homes, businesses, or agricultural buildings at least one year old. The maximum repayment schedule is set at 60 months on a $5,000 loan. Financed improvements to a residence must meet the criteria as outlined by the ERC loan program guidelines. Related costs for materials, equipment, and labor (if done by a contractor) are all eligible for financing. This includes the expenses for electrical wiring, the heating equipment, and/or duct work. A list of eligible measures can be found on the program application form located on the program web site. When applications are completed, return them to the St. Cloud office.

 


 
Contact:
  Melrose Office Customer Service- SEA
Stearns Electric Association
900 East Kraft Drive
Melrose, MN 56325-9400
Phone: (320) 256-4241
Phone 2: (800) 962-0655
Fax: (320) 265-3618
E-Mail: info@stearnselectric.org
Web Site: http://www.stearnselectric.org
 
  St. Cloud Office Customer Service- SEA
Stearns Electric Association
7341 Old Hwy 52
St. Cloud, MN 56303-9400
Phone: (320) 259-6601
Phone 2: (800) 448-1737
Fax: (320) 259-7099
E-Mail: info@stearnselectric.org
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.