Modesto Irrigation District - Residential High Efficiency Air Conditioning Loan Program

April 24, 2012


The Modesto Irrigation District (MID) High Efficiency Air Conditioning Loan Program provides financing for the installation of qualified central air conditioning and heat pumps. MID has partnered with the Electric & Gas Industries Association (EGIA) to administer this financing program and to work with participating HVAC contractors.

Participating HVAC contractors offer customers receiving utility service from MID unsecured energy efficiency financing at interest rates as low as 9.90% APR. Financing is available only through local air conditioning contractors certified by EGIA and approved by MID for this program. For a list of contractors customers can visit the EGIA web site. The terms of the loan can be negotiated up to 12 years and there is no down payment and no prepayment penalties.

MID also offers a $250 rebate for energy efficient air conditioners and heat pumps. Customers may choose between the financing program and the rebate program. Customers who chose to finance an air conditioning unit through MID are not eligible for the air conditioning rebate.

Program Overview

Implementing Sector: Utility
Category: Financial Incentive
State: California
Incentive Type: Loan Program
Web Site:
Administrator: Energy Management Department
Start Date:
Eligible Renewable/Other Technologies:
  • Heat pumps
  • Air conditioners
Maximum Loan: Loan Maximum: not specified
Loan Term: Rate: 9.90% APR
Repayment: up to 12 years


Name: Customer Service
Organization: Modesto Irrigation District
Address: 1231 11th Street
Modesto CA 95352-4060
Phone: (209) 526-7339
Name: EGIA
Address: 3800 Watt Ave.
Sacramento CA 95821
Phone: (866) 367-3442

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.