| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | Iowa |
| Incentive Type: | Loan Program |
| Web Site: | http://www.cbpower.coop/aspx/general/clientpage.aspx?pageid=218&n=911&n1=912&n2=970 |
| Administrator: | Corn Belt Power Cooperative |
| Utilities: | Boone Valley Electric Coop, Franklin Rural Electric Cooperative, Grundy County Rural Elec Coop, Iowa Lakes Electric Coop, Midland Power Coop, Prairie Energy Coop, Butler County Rural Electric Cooperative, Calhoun County Electric Cooperative Association, Raccoon Valley Electric Cooperative |
| Eligible Renewable/Other Technologies: | Solar Water Heat, Geothermal Heat Pumps |
| Eligible Efficiency Technologies: | Water Heaters, Lighting, Heat pumps, Air conditioners, Heat recovery, Building Insulation, Comprehensive Measures/Whole Building |
| Maximum Loan: | $150,000 |
| Loan Term: | Equipment eligible up to 7 years Building, Real Estate, Infrastructure, and Housing eligible up to 10 years |
| Interest Rate: | varies depending on prime rate |
Corn Belt Power Cooperative is a generation and transmission electric cooperative that provides power to nine distribution rural electric cooperatives and one municipal electric cooperative. These utilities provide power to farms, rural residences, small towns and commercial/industrial customers in 41 northern Iowa counties.
Corn Belt Power Cooperative created the POWER Fund Revolving Loan Program to with the goal of improving the quality of life in rural areas by investing in long-term improvements in local economies.
The member cooperatives participating in the program are:
1. Iowa Lakes Electric Cooperative
3. Boone Valley Electric Cooperative
5. Franklin REC
7. Raccoon Valley Electric Cooperative
Visit the program website for more information.
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A solar PV system is custom-designed for your home. Final solar system price may vary based on your location, monthly utility bill, government incentives and rebates, the condition of your home, and local installation prices. Solar PV system output and estimated savings are calculated based on several factors including product type, system production, geography, weather, shade, electricity use, full utilization of the 30% solar investment tax credit, and utility rate structures and rate increases. Savings on your total electricity costs are not guaranteed. Financing options and terms vary by location, and may not be available in all areas. Solar QC is neither the lender nor the project installer. Solar QC License# 1130591
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