Last Updated June 19, 2023
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:
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, a 7% fixed rate for air-source heat pumps, and a 10% fixed rate for water heaters. Each loan has 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.