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South Dakota

South Dakota

Incentives/Policies for Energy Efficiency

Printable Version
Southeastern Electric - Electric Equipment Loan Program   

Last DSIRE Review: 04/23/2012
Program Overview:
State: South Dakota
Incentive Type: Utility Loan Program
Eligible Efficiency Technologies: Heat pumps, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors
Eligible Renewable/Other Technologies: Geothermal Heat Pumps
Applicable Sectors: Commercial, Industrial, Residential, Agricultural
Amount:Geothermal and Air-Source Heat Pumps/Electric Heat: up to $10,000
Weatherization/Insulation loans: up to $3,000
Maximum Incentive:Heat Pumps/Electric Heat: up to $10,000
Weatherization/Insulation: $3,000
Terms:Rate: 5%
All Heat Pumps/Electric Heat: 7 years (loans over $5,000); 5 years (loans under $5,000)
Weatherization/Insulation: 5 years
Web Site: http://www.southeasternelectric.com/Member_Services/money_saving/...
Summary:

Southeastern Electric Cooperative is a member-owned electric cooperative that serves customers in the southeastern part of South Dakota. Southeastern offers a loan program for customers who want to install energy efficient heating and cooling systems in homes or businesses. Loans are also available for those who want to install weatherization measures, such as storm doors, insulation or caulking.

Loans are available at a 5% interest rate for the following:

  • Geothermal, air-to-air heat pumps, or electric heat up to $10,000 for 7 years.
     
  • Geothermal, air-to-air heat pumps, or electric heat under $5,000 financed for 5 years.
     
  • Weatherization & insulation up to $3,000 for 5 years.

For loan application forms, see the program web site above.


 
Contact:
  Customer Service - SEEC
Southeastern Electric Cooperative
501 South Broadway
Marion, SD 57043-0388
Phone: (605) 648-3619
Phone 2: (800) 333-2859
Fax: (605) 648-3778
E-Mail: info@southeasternelectric.com
Web Site: http://www.southeasternelectric.com
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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.