Dakota Electric Association - Residential Energy Conservation Loan Program

February 23, 2010


Dakota Electric, in association with Anchor Bank, provides loans to assist residential customers to finance energy efficient improvements to their homes. The loans range from $1,000 and $10,000 and can only be used for energy conservation projects. The interest rate is fixed at 7.99%, but is adjusted quarterly for future loans. Interested customers should call to verify the current rate. Loan applications are available from Dakota Electric upon request and need to be submitted along with a copy of the most recent pay stubs for each borrower as proof of income. If any borrower is self-employed, they need to provide a copy of the first two pages of their most recent federal tax return. Additional information may be found on the program website.

Program Overview

Implementing Sector: Utility
Category: Financial Incentive
State: Minnesota
Incentive Type: Loan Program
Web Site: https://www.dakotaelectric.com/residential/programs/energy_efficiency_loans
Administrator: Dakota Electric Service
Start Date:
Eligible Renewable/Other Technologies:
  • Lighting
  • Windows
  • Doors
  • Comprehensive Measures/Whole Building
  • Custom/Others pending approval
Maximum Loan: 10000
Loan Term: Rate: 7.99%
Repayment: up to 5 years


Name: Energy Experts®
Organization: Dakota Electric Service
Phone: (651) 463-6243
Email: rebates@dakotaelectric.com

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.