Santee Cooper provides low interest loans to residential customers to improve the efficiency of homes through the Smart Energy loan program. Customers can apply for energy efficient improvement loans ranging from $500 to $20,000 with up to 60-months to repay loans over $1,000. Renewable energy resource loans are also available up to $40,000, with up to 120-months to repay the balance. These loans require no down payment. Combined maximum outstanding loans per customer cannot exceed $40,000.
To qualify for the loan, customers must first schedule a free energy audit with Santee Cooper. The Santee Cooper representative will recommend the most cost effective conservation measures needed for the home. Prior to passing a credit check, customers must complete a loan application for either a Renewable Energy Resource Loan or an Energy Efficiency Loan.
| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | South Carolina |
| Incentive Type: | Loan Program |
| Web Site: | https://www.santeecooper.com/Save-Energy-Money/For-My-Home/Loans/Index.aspx |
| Administrator: | Santee Cooper |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
|
| Maximum Loan: |
Energy Efficient Improvements: $20,000 Renewable Energy Resource Loans: $40,000 |
| Loan Term: |
Energy Efficiency Improvements: up to 60 months Renewable Energy Resource: up to 120 months |
| Interest Rate: | Varies, Check website (currently at 2.75%) |
| Name: | EmpowerSC Support Services |
| Organization: | Santee Cooper |
| Address: |
305A Gardner Lacy Road Myrtle Beach SC 29579 |
| Phone: | (843) 761-8000 |
| Email: | energy.advisor@santeecooper.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.
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