To qualify for a loan:

• Sioux Valley Energy must conduct an energy audit prior to the work being performed. 
• Loans are available only for home improvement products and installation costs. Applicable weatherization products can include windows, doors, insulation, and other air sealing products such as caulk and weatherstripping.
• Complete the loan application form. The application must be approved to be eligible for the loan program. Funds will be issued in the amount of approved submitted invoices.

To qualify for a loan:

• An air-to-air or geothermal heat pump must be installed. An electric resistance furnace installed as backup heat for the heat pump can also be included with the heat pump loan, but loans are not available for straight electric resistance heating equipment. Installation costs can also be included. Costs associated with propane and natural gas backup furnaces are not eligible as part of the loan.
• Complete the loan application form. The application must be approved to be eligible for the loan program. Funds will be issued upon project completion in the amount of approved submitted invoices. Inspection and submetering work for the electric heat rate will be provided by Sioux Valley Energy personnel.

Forms

• Electric Heat and Weatherization Loan Application Form
• Amortization Schedule

*Rates and programs are subject to change or end without notice.

We offer low-interest loans of 5% up to $15,000 with a seven-year term. A loan application must be submitted and credit approved to be eligible.