South Carolina Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 02/20/2013
Program Overview:
| State: |
South Carolina |
| Incentive Type: |
Utility Loan Program |
| Eligible Efficiency Technologies: |
Water Heaters, Heat pumps, Caulking/Weather-stripping, Building Insulation, Windows, Heat Pump Water Heaters |
| Applicable Sectors: |
Residential |
| Amount: | Energy Efficient Improvement: $500 - $20,000
Renewable Energy Resource: up to $40,000 |
| Maximum Incentive: | Energy Efficient Improvements: $20,000
Renewable Energy Resource Loans: $40,000 |
| Terms: | Vary – Check website (currently at 1.250%)
Energy Efficiency Improvements: up to 60 months
Renewable Energy Resource: up to 120 months |
| Web Site: |
https://www.santeecooper.com/portal/page/portal/santeecooper/myho...
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Summary:
Santee Cooper provides low interest loans to residential customers to improve the efficiency of homes through the Smart Energy loan program. Customers can apply for energy efficient improvement loans ranging from $500 to $20,000 with up to 60-months to repay loans over $1,000. Renewable energy resource loans are also available up to $40,000, with up to 120-months to repay the balance. These loans require no down payment. Combined maximum outstanding loans per customer cannot exceed $40,000.
To qualify for the loan, customers must first schedule a free energy audit with Santee Cooper. The Santee Cooper representative will recommend the most cost effective conservation measures needed for the home. Prior to passing a credit check, customers must complete a loan application for either a Renewable Energy Resource Loan or an Energy Efficiency Loan. |
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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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