Southeastern Electric Cooperative - Electric Equipment Loan Program

June 23, 2023


Southeastern Electric Cooperative is a member-owned electric cooperative that serves customers in the southeastern part of South Dakota. Southeastern offers a loan program for customers who want to install energy efficient heating and cooling systems in homes or businesses. Loans are also available for those who want to install weatherization measures, such as storm doors, insulation or caulking.

Loans are available at a 5% interest rate for the following:

  • Geothermal, air-to-air heat pumps, or electric heat up to $10,000 for 7 years.

  • Geothermal, air-to-air heat pumps, or electric heat under $5,000 financed for 5 years.
  • Weatherization & insulation up to $3,000 for 5 years.

For loan application forms, see the program website above.

Program Overview

Implementing Sector: Utility
Category: Financial Incentive
State: South Dakota
Incentive Type: Loan Program
Web Site:
Administrator: Southeastern Electric Cooperative
Start Date:
Eligible Renewable/Other Technologies:
  • Geothermal Electric
  • Geothermal Heat Pumps
  • Heat pumps
  • Caulking/Weather-stripping
  • Duct/Air sealing
  • Building Insulation
  • Windows
  • Doors
Maximum Loan: Heat Pumps/Electric Heat: Up to $10,000
Weatherization/Insulation: $3,000
Loan Term: All Heat Pumps/Electric Heat: 7 years (loans over $5,000); 5 years (loans under $5,000)
Weatherization/Insulation: 5 years
Interest Rate: 5%


This program has 1 incentives
Technologies: Geothermal Electric, Geothermal Heat Pumps, Heat pumps, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors
Sectors: Commercial, Industrial, Residential, Agricultural
Parameters: The incentive has a minimum of $10000.00, The incentive has a maximum of 3000.00 $/Unit


Name: Customer Service -
Organization: Southeastern Electric Cooperative
Phone: (800) 333-2859

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.