Last Updated June 23, 2025
Program Overview
Category:
Financial Incentive
State:
South Dakota
Incentive Type:
Loan Program
Administrator:
Southeastern Electric Cooperative
Start Date:
N/A
Expiration Date:
N/A
Applicable Sectors:
Commercial, Residential, Commercial, Residential
Eligible Renewable/Other Technologies:
Geothermal Electric, Geothermal Heat Pumps, Heat pumps, Building Insulation
Summary
Southeastern Electric offers low-interest loan programs to support rural economic development and help members invest in energy-efficient electric heating, cooling, and home improvements. Through its partnership with the Rural Electric Economic Development (REED) Fund, financing is available for new or expanding businesses and community projects in rural areas. Members can also access affordable loans for geothermal and air-to-air heat pumps, electric heat systems, and weatherization upgrades like insulation, windows, and doors. All loans are subject to credit checks, board approval, and require mortgage collateral, with payments made via automatic bank withdrawal. For more information, contact Southeastern Electric at 1-800-333-2859.