Red River Valley REA - Heat Pump Loan Program

Last updated: August 28, 2018

Program Overview

Implementing Sector:Utility
Category:Financial Incentive
State:Oklahoma
Incentive Type:Loan Program
Web Site:http://www.rrvrea.com/home/member-services/products-and-services
Administrator:Red River Valley Rural Electric Cooperative
Eligible Renewable/Other Technologies:Geothermal Heat Pumps
Eligible Efficiency Technologies:Heat pumps

Summary

The Red River Valley Rural Electric Association (RRVREA) offers a loan program to its members for air-source and geothermal heat pumps. Loans are available for geothermal heat pumps at a 5% fixed rate and for air-source heat pumps at a 7% fixed rate. Both loans have a eight-year term. Payments will appear on the electric bill. The loans are only available for equipment purchased from RRVREA or its subsidiary. Contact the RRVREA for more information on this program.

 

 

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