Minnesota Valley Electric Cooperative -Residential Energy Resource Conservation Loan Program
Administered by: Minnesota Valley Electric Cooperative
Quick Summary
Minnesota Valley Electric Cooperative's Energy Resource Conservation (ERC) Loan Program lets you borrow up to $5,000 at 3.5% interest over five years to upgrade to efficient electric water heaters, heat pumps, or electric heating solutions—financing is only available for replacing existing equipment, not new construction. You must be an MVEC member for at least six months and participate in the Energy Wise program to qualify; your monthly loan payments (minimum $25) will be added to your electric bill.
AI-generated summary • Updated 7/12/2026
Program Details
- Program ID
- 2252
- Last Updated
- 10/31/2025
Eligibility
Program Summary
Minnesota Valley Electric Cooperative offers low-interest loans to help residential customers finance energy efficiency improvements through the Energy Conservation Loan Program. More information and loan applications can be accessed from the website listed above. This program is available for replacement items only. Loans are not available for new homes.
Contact & Resources
Please verify current program details with the administering agency before making any financial decisions.