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Last Updated June 23, 2023

Program Overview

Category:

Financial Incentive

State:

South Dakota

Incentive Type:

Loan Program

Administrator:

Southeastern Electric Cooperative

Start Date:

N/A

Expiration Date:

N/A

Web Site:

https://southeasternelectric.com/member-rebates-incentives/#loans

Applicable Sectors:

Commercial, Industrial, Residential, Agricultural

Eligible Renewable/Other Technologies:

Geothermal Electric, Geothermal Heat Pumps, Heat pumps, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors

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 website above.