Minnesota Incentives/Policies for Energy Efficiency |
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Last DSIRE Review: 08/10/2012
Program Overview:
| State: |
Minnesota |
| Incentive Type: |
Utility Loan Program |
| Eligible Efficiency Technologies: |
Equipment Insulation, Water Heaters, Heat pumps, Caulking/Weather-stripping, Building Insulation, Windows, Doors |
| Eligible Renewable/Other Technologies: |
Geothermal Heat Pumps |
| Applicable Sectors: |
Residential |
| Amount: | Heat Pump Installation: up to $5,000
Electric Water Heater and Installation: up to $5,000
Electric Heating Equipment: up to $5,000
Heat Pump Installation: up to $5,000
Weatherization: up to $1,500
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| Terms: | Rate: 5%
Repayment: up to 5 years |
| Web Site: |
http://www.mvec.net/residential/financing/
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Summary:
Minnesota Valley Electric Cooperative offers low-interest loans to help residential customers finance energy efficiency improvements through the Energy Conservation Loan Program. ERC Loans can be used for:
- Caulking
- Weather stripping
- Heat pumps and electric water heaters
- Heat pump installations
- Electric water heaters
- Water heater installation
- Boilers
- Plenum Heaters
- Garage Heaters
- Insulation for ceilings, walls, floors, ducts, pipes and water heaters
- Thermal windows
- Storm or thermal doors
ERC loans are available only for replacement items, not for new homes. Loans of up to $5,000 are available for heat pumps, electric water heaters, and other electric heating products. Weatherization measures are eligible for a loan of up to $1,500. Minimum monthly payments are $25. Loan applications can be accessed from the web site listed above.
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Contact:
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Debi Nelson
Minnesota Valley Electric Cooperative
125 Minnesota Valley Electric Drive
Jordan, MN 55352
Phone: (952) 492-2313
Phone 2: (800) 282-6832
E-Mail: info@mvec.net
Web Site: http://www.mvec.net/
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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.
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