Minnesota Valley Electric Cooperative -Residential Energy Resource Conservation Loan Program (Minnesota)

From Open Energy Information


Last modified on February 12, 2015.

Financial Incentive Program

Place Minnesota

Name Minnesota Valley Electric Cooperative -Residential Energy Resource Conservation Loan Program
Incentive Type Utility Loan Program
Applicable Sector Residential
Eligible Technologies Building Insulation, Caulking/Weather-stripping, Doors, Equipment Insulation, Heat pumps, Water Heaters, Windows, Geothermal Heat Pumps
Active Incentive Yes
Implementing Sector Utility
Energy Category Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs
Amount Heat Pump Installation: up to $5,000

Electric Water Heater and Installation: up to $5,000
Electric Heating Equipment: up to $5,000
Heat Pump Installation: up to $5,000
Weatherization: up to $1,500

Terms Rate: 5%
Repayment: up to 5 years
Program Administrator Minnesota Valley Electric Cooperative
Website http://www.mvechttp://www.mvec.net/residential/financing/.net/save/loans.asp

References DSIRE[1]


Minnesota Valley Electric Cooperative offers low-interest loans to help residential customers finance energy efficiency improvements through the Energy Conservation Loan Program. ERC Loans can be used for:

  • Caulking
  • Weather stripping
  • Heat pumps and electric water heaters
  • Heat pump installations
  • Electric water heaters
  • Water heater installation
  • Boilers
  • Plenum Heaters
  • Garage Heaters
  • Insulation for ceilings, walls, floors, ducts, pipes and water heaters
  • Thermal windows
  • Storm or thermal doors

ERC loans are available only for replacement items, not for new homes. Loans of up to $5,000 are available for heat pumps, electric water heaters, and other electric heating products.  Weatherization measures are eligible for a loan of up to $1,500. Minimum monthly payments are $25. Loan applications can be accessed from the web site listed above.

Incentive Contact

Contact Name Debi Nelson
Department Minnesota Valley Electric Cooperative
Address 125 Minnesota Valley Electric Drive
Place Jordan, Minnesota
Zip/Postal Code 55352
Phone (952) 492-2313
Phone 2 (800) 282-6832
Email info@mvec.net
Website http://www.mvec.net/

  • 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)"