| Implementing Sector | Utility |
|---|---|
| Category | Financial Incentive |
| State | South Carolina |
| Incentive Type | Loan Program |
| Web Site | https://www.santeecooper.com/Programs-Incentives/EmpowerHome/Loans/ |
| Administrator | Santee Cooper |
| Start Date | 10/1/2007 |
| Utilities | Santee Electric Coop, Inc |
| Eligible Renewable/Other Technologies | Solar Water Heat, Solar Photovoltaics, Wind (All), Biomass, Hydroelectric (Small) |
| Applicable Sectors | Residential |
| Maximum Loan | $500 to $20,000 |
| Loan Term | Repayment: up to 60-months |
| Interest Rate | Rate: variable - check website/currently 6% |
Santee Cooper offers low-interest loans to residential customers who have a licensed contractor install photovoltaic (PV) systems, wind energy systems, micro-hydropower systems, biomass energy systems, or solar water heaters.
“A Smart Energy loan from Santee Cooper allows you to finance energy efficient improvements for your home that should help you reduce your energy costs. You can apply for Smart Energy loans ranging from $500 to $20,000 with up to 60-months to repay loans over $1000. All with no money down. Maximum outstanding energy efficiency loans per customer cannot exceed $20,000.”
