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Last Updated June 5, 2020

Program Overview

Category:

Financial Incentive

State:

Oklahoma

Incentive Type:

Loan Program

Administrator:

Red River Valley Rural Electric Cooperative

Start Date:

N/A

Expiration Date:

N/A

Web Site:

http://www.rrvrea.com/home/member-services/products-and-services

Applicable Sectors:

N/A

Eligible Renewable/Other Technologies:

N/A

Summary

The Red River Valley Rural Electric Association (RRVREA) offers a loan program to its members for air-source and geothermal heat pumps. Loans are available for geothermal heat pumps at a 5% fixed rate and for air-source heat pumps at a 7% fixed rate. Both loans have a eight-year term. Payments will appear on the electric bill. The loans are only available for equipment purchased from RRVREA or its subsidiary. Contact the RRVREA for more information on this program.