MidAmerican Energy (Gas and Electric) - Residential EnergyAdvantage Loan Program (Iowa)

From Open Energy Information


Last modified on February 12, 2015.

Financial Incentive Program

Place Iowa

Name MidAmerican Energy (Gas and Electric) - Residential EnergyAdvantage Loan Program
Incentive Type Utility Loan Program
Applicable Sector Installer/Contractor, Residential
Eligible Technologies Boilers, Central Air conditioners, Custom/Others pending approval, Duct/Air sealing, Furnaces, Heat pumps, Programmable Thermostats, Water Heaters, Windows, Geothermal Heat Pumps
Active Incentive Yes
Implementing Sector Utility
Energy Category Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs
Amount Joint check payable to customer and dealer

Start Date 2011-01-01

Maximum Incentive not specified

Terms Rate: fixed for the term of the loan; minimum offered interest rate of 5% APR adjust up or down with the Wall Street Journal’s published prime interest rate.

Credit qualification determined by First American Bank

Program Administrator MidAmerican Energy
Website http://www.midamericanenergy.com/ee/ia_res_financing.aspx

References DSIRE[1]


MidAmerican Energy's EnergyAdvantage Financing Program, in partnership with First American Bank, offers Iowa residential energy customers below-prime financing on installation of qualifying energy efficient equipment. Customers may be eligible for a rebate or financing, but not both. The minimum loan amount available to customers is $1,000. Interested parties should call MidAmerican for rates and visit the program web site for detailed program brochures. Ratings for central air conditioners must be based on a new condensing unit with a new matched evaporator coil.

Incentive Contact

Contact Name EnergyAdvantage Programs
Department MidAmerican Energy
Address P.O. Box 7232
Place Des Moines, Iowa
Zip/Postal Code 50309-7232
Phone (800) 894-9599
Fax (515) 244-8825
Email EnergyExpert@midamerican.com
Website http://www.midamericanenergy.com/

  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]


  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"