MidAmerican Energy (Gas and Electric) - Residential EnergyAdvantage Loan Program

December 03, 2015


MidAmerican Energy's EnergyAdvantage Financing Program, in partnership with First American Bank, offers Iowa residential energy customers below-prime financing on installation of qualifying energy efficient equipment. Customers may be eligible for a rebate or financing, but not both. The minimum loan amount available to customers is $1,000. Interested parties should call MidAmerican for rates and visit the program web site for detailed program brochures. Ratings for central air conditioners must be based on a new condensing unit with a new matched evaporator coil.

Program Overview

Implementing Sector: Utility
Category: Financial Incentive
State: Iowa
Incentive Type: Loan Program
Web Site: http://www.midamericanenergy.com/ee/ia_res_financing.aspx
Administrator: MidAmerican Energy
Start Date:
Eligible Renewable/Other Technologies:
  • Geothermal Heat Pumps
  • Water Heaters
  • Furnaces
  • Boilers
  • Heat pumps
  • Air conditioners
  • Programmable Thermostats
  • Duct/Air sealing
  • Windows
  • Custom/Others pending approval
  • Other EE
  • Tankless Water Heater
Maximum Loan: not specified
Loan Term: Rate: fixed for the term of the loan; minimum offered interest rate of 5% APR adjust up or down with the Wall Street Journal’s published prime interest rate.
Credit qualification determined by First American Bank
Participants not eligible for energy efficiency rebates.


Name: MidAmerican Energy
Organization: MidAmerican Energy
Phone: (800) 432-8583

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.