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Otter Tail Power Company - DollarSmart Energy Efficiency Loan Program

Savings Category 
Heat Pumps
Maximum Rebate 

Residential: $20,000
Business: $100,000
Loans may not exceed 80% of the project's total cost

Program Info
Program Type 
Utility Loan Program
Rebate Amount 

Residential: $150 - $20,000
Business: $150 - $100,000

Otter Tail Power Company

Otter Tail Power Company's DollarSmart Financing Program offers $150 - $7,000 loans to residential customers and up to $100,000 loans to its business customers. In addition, residential customers are eligible for financing up to $20,000 for geothermal heat pump installations and $15,000 for the installation of combination electric systems. Customers may use the 8.5% Competitive Rate Plan to finance purchases of new electric technologies, including:
* Electric heating applications
* Complete dual fuel systems
* Electric cooling applications
* Farm building rewiring
* New electric water heaters
As part of Minnesota's Conservation Improvement Program, qualifying Minnesota customers are eligible for the 1.9% Energy Efficiency plan to help pay for Conservation Improvement Program (CIP) qualified energy-saving technologies including:
* Air-source and geothermal heat pumps
* Commercial lighting and refrigeration
* Process improvement systems
* Milk house pre-coolers and stock waterers
* Heat-recovery systems
* Motor and variable speed drives.
Customers should see the program web site for more information.