Programs & Rebates

Sioux Valley Energy offers a variety of programs and rebates to help members save energy and reduce costs for their homes.

These include incentives for installing energy-efficient appliances, heating and cooling systems, electric water heaters, and electric vehicle chargers in homes.

Sioux Valley Energy has an entire suite of Beneficial Electrification programs and services for its members. Check out our Solutions Catalog to learn more or click on the links below!

Rebate programs are valid through the end of each year for homeowners. Rebate dollars are limited and are issued on a first come-first served basis. Programs are subject to change or end without notice.

Please contact our Energy Services Specialist for more information at (800) 234-1960 or via email at sheila.gross@siouxvalleyenergy.com.

Residential

Marathon:

Purchase the last water heater you will ever need to buy for your home! Sioux Valley Energy sells Marathon water heaters in 85 and 100-gallon options. Lifetime-tank/6-year parts warranty for the original purchaser with participation in the load management program. (Rental and corporate applications along with secondary homeowners have a limited warranty.) $600 plus applicable tax. Members with accounts/homes requiring multiple water heaters can purchase the primary unit for $600 and additional units for $1,200. Warranty and repair services are provided by SVE (does not include installation of the water heater or wiring).

SIZES:

85 gallon - 28 ¼ “x 70 ¼”
100 gallon - 30 ¼“ x 70 ¾“

Water heaters are in stock at SVE Service Centers -- Colman, Brandon, Hartford, Pipestone. Call ahead to place your order at 800-234-1960. Water heater must be paid for at the time of purchase. Pick up times are 7:30 a.m. – 3 p.m. Monday through Friday. A trailer or pickup truck (with bed free of debris/5th wheel hitch removed) is required for loading. Water heaters are packaged in a box and can be laid down.

All large capacity water heaters are received at SVE with only one element enabled for use. The unit will operate at a reduced capacity (approximately 50 gallons) until SVE personnel enable the second heating element after installing or maintaining load management equipment at your home. Contact SVE to schedule an appointment when the water heater is installed and fully operational.

Important information about your water heater agreement and load management program

Heating and cooling use the largest chunk of your home energy dollars. When you choose electric, you know it’s clean, reliable, safe – and it can also be very energy efficient. It’s tough to beat the efficiency of an electric heat pump that not only cools your home in the summer, but also heats it in the winter.

Residential Heat Pump Offerings

Heat pumps – geothermal or air-to-air systems including ductless solutions – are designed to be used in any home whether it’s new construction, a renovation project or replacing existing equipment. Sioux Valley Energy offers rebates and special electric heat rates to make choosing electric a great value. Click here for the heat pump rebate form.

Air-to-Air Heat Pump Rebates (2 ton and larger)

With Electric Back-up Furnace: $1,200
With Non-Electric Back-up Furnace: $600

Learn more about how Air to Air Heat Pumps work HERE.

Geothermal Heat Pump Rebates (2 ton and larger)

$1,200

Learn more about how Geothermal Heat Pumps work HERE.

Ductless Air-Source Heat Pump Rebates (2 ton and larger)

Rebate of $300 per account

Electric Heat Rate

Reduced rate of 7.45 cents/kWh (compared to regular rate 12.81 cents/kWh)
Available October – April billing cycles
Sub-meter install required – One free installation per account for heat pumps (2 ton and larger) or electric resistance heat (minimum of 8 kW). A one-time submeter fee of $400 is charged for installation outside of those kW parameters, when an additional sub-meter is required, or if extensive wiring work is necessary. A $60 service charge will be accessed to add a new circuit of electric heat to an existing submeter.

*Rebate eligibility once every 10 years per account. Rebates cannot exceed the cost of the equipment. Rates are subject to change.

Electric Heat Pump Loans

Loans up to $15,000, 5% interest with a seven-year term are available to assist qualifying members in purchasing heat pump equipment and weatherization products.

To qualify for a Heat Pump 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.

How to Apply for a Heat Pump Rebate

Contact our Energy Services Department at (800) 234-1960.
Submit a copy of your invoice with heat pump make, model, and verification of the backup system with the online rebate request form or contact Energy Services at 800-234-1960 for other submission options.
SVE personnel will install a submeter for new electric heat installation or will check an existing submeter to ensure all eligible electric heating equipment is connected to the submeter for the reduced electric heat rate.
Rebate eligibility is once every 10 years per structure. Heat pump equipment must be a minimum of two (2) ton to qualify.

Electric Heat Rate

Reduced rate of 7.45 cents/kWh (compared to regular rate 12.81 cents/kWh)
Available October – April billing cycles
Sub-meter install required – One free installation per account for heat pumps (2 ton and larger) or electric resistance heat (minimum of 8 kW). A one-time submeter fee of $400 is charged for installation outside of those kW parameters, when an additional sub-meter is required, or if extensive wiring work is necessary. A $60 service charge will be accessed to add a new circuit of electric heat to an existing submeter. Prewiring sub-meter equipment may be necessary for new construction depending upon the location of the electrical panel. If we prewire sub-metering equipment and an electric heat system is not installed, the member will be charged a $400 fee.

If you have an existing heat pump or electric resistance heat that is not part of the reduced electric heat rate program, or you plan to install new or replacement equipment, contact the Beneficial Electrification team at 800-234-1960.

Call our Energy Services Department at (800) 234-1960 for more information.

The Time of Use Rate was developed for members who are seeking opportunities to directly impact their electric bill through their conservation efforts and daily usage habits. It’s also a great way to take advantage of smart home automation and electric vehicle technology. Rearranging tasks and conserving energy to take advantage of reduced off-peak rates is good for both the member and the utility – we both save money! Contact Sioux Valley Energy’s Member Services Department to get acclimated to the new rate structure. Use SmartHub to manage and review your usage habits.

Pay 7.16 cents/kWh off-peak rate (10 a.m.-4 p.m. and 9 p.m.-7a.m.)
Pay 20.96 cents/kWh on-peak rate (7-10 a.m. and 4-9 p.m.)
Members with electric heat rate remain on the reduced heat rate program
Standard Residential Rate: Pay 12.81 cents/kWh any time of the day

Download a .PDF explaining the Time of Use Rate here.

Who is eligible for the TOU rate?

Members with residential and general service classifications are able to take part in the time TOU rate option for their home and business activities.

How do I sign up for the time of use rate?

You do have to contact SVE to request the time of use rate sign up. You can contact member services at 877-511-8062 or send a request through SmartHub. The TOU rate change will start with your next read date based on your billing cycle.

Is there a risk to signing up for the time of use rate?

No. Our standard rate is available through 12/31/2026. Effective January 1, 2027 the rates available will be Demand billing or Time of Use.

How do I know if I’m saving money?

Each monthly billing statement will include a note in red lettering under the bar chart for usage and weather data to indicate how the TOU rate performed compared to the standard rate.

How do you save money on the TOU Rate?

Watch the clock to lock in energy savings! Here are a few tips.

If you are in the market to purchase or lease an electric vehicle (EV), Sioux Valley Energy offers an EV rebate and special off-peak charging rate options. EVs function without tailpipe emissions and are virtually maintenance free – no oil changes, belts, air filters, spark plugs etc. Electric motors provide quiet, smooth operation and their power and quick acceleration make them fun to drive. Charge up conveniently at your home with clean, American-made electricity. With today’s technologies, the average all-electric vehicle (BEV) can go nearly 300 miles on a single charge which covers the daily commute for most drivers, even in rural areas. Plug-in hybrids (PHEVs) have an average range of 20-50 miles on the electric battery, along with having a gasoline engine for backup. Check out our EV resource tool to learn more about EVs, calculate commute savings, search EV models, and to locate public charging stations. Use SmartHub to manage and review your usage.

Rate Options to Take Advantage of Off-Peak Reduced Rates

Time of Use Rate (TOU): Whole home usage including EV charging

EV Rebates and Incentives

Rebate for new EV purchase requires participation in the Time of Use Rate. Click on the links below to fill out the rebate forms online. Must be a homeowner to qualify for the rebate. Vehicle purchase/lease must be made in the current program year. One rebate per member.

Electric Vehicle Purchase Rebate

$500 for battery electric vehicle (BEV)
$250 for plug-in hybrid electric vehicle (PHEV)

Call our Energy Services Department at 800-234-1960 for more information.

Energy Audits:

Is your home cold in the winter, hot in the summer, and your utility bills are through the roof? If you don’t know where to start, a professional energy audit might be your solution. A weatherization energy audit is a great tool to help you identify the location of energy leaks in your home and prioritize efficiency upgrades. Sealing and insulating the home’s envelope is a cost-effective way to improve efficiency and comfort, which in turn can help reduce utility bills.

Sioux Valley Energy’s third-party weatherization audits include a visual inspection of windows, doors, and insulation. Infrared camera imaging and blower door testing are also utilized. We offer energy audits at a very reduced cost of $100 to the member (one-fourth of the actual cost). Contact the Beneficial Electrification team at 800-234-1960 to schedule. Participants will receive an audit report. Homes newly constructed within five years are not eligible for the energy audit program.

Weatherization Loans:

Loans up to $15,000, 5% interest with a seven-year term are available to assist qualifying members in purchasing heat pump equipment and weatherization products.

Call our Energy Services Department at (800) 234-1960 for more information.

Forms

Residential

Water Heater Program

Heat Pump Rebate and Loan

Electric Heat Rate

Time of Use Rate

Electric Vehicle Incentives

Energy Audit Program and Weatherization Loan