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Stearns Electric Association - Energy Efficiency Loan Program

Eligibility 
Commercial
Residential
Agricultural
Savings Category 
Equipment Insulation
Water Heaters
Heat Pumps
Air conditioners
Caulking/Weather-stripping
Duct/Air sealing
Building Insulation
Windows
Doors
Program Info
Sector Name 
Utility
Administrator 
Stearns Electric Association
State 
Minnesota
Program Type 
Loan Program
Summary 
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 on a $5,000 loan. 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 web site. When applications are completed, return them to the St. Cloud office.