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The U.S. Department of Energy and the North Carolina Clean Energy Technology Center are excited to announce that a new, modernized DSIRE is under construction. The new version of DSIRE will offer significant improvements over the current version, including expanded data accessibility and an array of new tools for site users. The new DSIRE site will be available in December 2014. Staff are currently working hard on the new version of DSIRE but are also maintaining the content of the current version of DSIRE. Thank you for your continued support and patience during this transition. We hope you are as excited for December as we are!

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South Carolina

South Carolina

Incentives/Policies for Renewables & Efficiency

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Santee Cooper - Renewable Energy Resource Loans   

Last DSIRE Review: 09/12/2012
Program Overview:
State: South Carolina
Incentive Type: Utility Loan Program
Eligible Renewable/Other Technologies: Solar Water Heat, Photovoltaics, Wind, Biomass, Small Hydroelectric
Applicable Sectors: Residential
Amount:$1,000-$40,000
Maximum Incentive:$40,000
Terms:Rate: variable - check website
Repayment: up to 10 years
Start Date:10/1/2007
Web Site: https://www.santeecooper.com/portal/page/portal/santeecooper/myho...
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. Participation in the utility's "net billing" program is not required, but customers may opt to participate in that program.*

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.

* The term "net billing" is often confused with "net metering." In general, net billing is less favorable to customers than net metering. Santee Cooper does not offer net metering.


 
Contact:
  Energy Support Services
Santee Cooper
305A Gardner Lacy Road
Myrtle Beach, SC 29579
Phone: (843) 761-8000
Fax: (843) 761-7060
E-Mail: energy.advisor@santeecooper.com
Web Site: http://www.santeecooper.com/index.html
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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.