Stearns Electric Association - Energy Efficiency Loan Program

March 11, 2024


Stearns Electric Association, through a program offered by Rural Utilities Services, offers its members low-interest Energy Resource Conservation (ERC) loans. The complete cost of making approved energy conservation improvements may be eligible for financing with an ERC loan at 5% interest. Up to $5,000 for qualifying improvements to homes, businesses, or agricultural buildings at least one year old. The maximum repayment schedule is set at 60 months. Financed improvements to a residence must meet the criteria as outlined by the ERC loan program guidelines. Related costs for materials, equipment, and labor (if done by a contractor) are all eligible for financing. This includes the expenses for electrical wiring, the heating equipment, and/or duct work. A list of eligible measures can be found on the program application form located on the program website.


Program Overview

Implementing Sector: Utility
Category: Financial Incentive
State: Minnesota
Incentive Type: Loan Program
Web Site:
Administrator: Stearns Electric Association
Start Date:
Eligible Renewable/Other Technologies:
  • Equipment Insulation
  • Water Heaters
  • Heat pumps
  • Air conditioners
  • Caulking/Weather-stripping
  • Duct/Air sealing
  • Building Insulation
  • Windows
  • Doors
Maximum Loan: $5,000
Loan Term: $1,000: 20 months repayment
$2,000: 40 months repayment
$3,000: 60 months repayment
$4,000: 60 months repayment
$5,000: 60 months repayment
Interest Rate: 5%


Name: Melrose Office Customer Service- SEA
Address: 900 East Kraft Drive
Melrose MN 56325-9400
Phone: (180) 096-2065
Name: St. Joseph Office Customer Service- SEA
Address: 29643 Frontage Rd PO Box 816
St. Joseph MN 56374-0816
Phone: (180) 096-2065

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.