Minnesota Valley Electric Cooperative -Residential Energy Resource Conservation Loan Program

March 28, 2024

Summary

Minnesota Valley Electric Cooperative offers low-interest loans to help residential customers finance energy efficiency improvements through the Energy Conservation Loan Program. More information and loan applications can be accessed from the website listed above. This program is available for replacement items only. Loans are not available for new homes.

Program Overview

Implementing Sector: Utility
Category: Financial Incentive
State: Minnesota
Incentive Type: Loan Program
Web Site: https://www.mvec.net/finance-an-energy-project/
Administrator: Minnesota Valley Electric Cooperative
Start Date:
Eligible Renewable/Other Technologies:
  • Geothermal Heat Pumps
  • Equipment Insulation
  • Water Heaters
  • Furnaces
  • Boilers
  • Heat pumps
Maximum Loan: $5,000
Loan Term: Repayment: up to 5 years
Minimum monthly payments are $25.00
Interest Rate: 3.5%

Incentives

This program has 1 incentives
Technologies: Geothermal Heat Pumps, Equipment Insulation, Water Heaters, Furnaces, Boilers, Heat pumps
Sectors: Residential
Parameters: The incentive has a minimum of $5.00

Contact

Name: Customer Service
Organization: Minnesota Valley Electric Cooperative
Address: 125 Minnesota Valley Electric Drive
Jordan MN 55352
Phone: (952) 492-2313
Email: info@mvec.net

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.