Otter Tail Power Company - Dollar Smart Financing Program

ND Loan Program commercial industrial agricultural

Administered by: Otter Trail Power Company

Program Details

Program ID: 3140
Last Updated: 6/27/2019

Eligibility

Eligible Sectors

commercial industrial agricultural

Eligible Technologies

geothermal heat pumps water heaters lighting furnaces heat pumps heat recovery motors motor vfds custom/others pending approval other ee yes; specific technologies not identified commercial refrigeration equipment

Program Summary

Otter Tail Power Company's DollarSmart Financing Program offers $150 - $100,000 loans to its business customers. As part of Minnesota's Conservation Improvement Program, qualifying Minnesota customers are eligible for the 1.9% Energy Efficiency plan to help pay for Conservation Improvement Program (CIP) qualified energy-saving technologies including:Air-source and geothermal heat pumpsCommercial lighting and refrigerationProcess improvement systemsMilk house pre-coolers and stock waterersHeat-recovery systemsMotor and variable speed drives.Customers should see the program website for more information.

Note: Balance in full is required if the loan recipient terminates electric service from the Otter Tail Power Company, sells or transfers title to a home or business, or moves property out of the Otter Tail Power Company service territory.

Contact & Resources

Additional Resources

https://www.otpco.com/ways-to-save/rebates-and-savings/financing-business/

Please verify current program details with the administering agency before making any financial decisions.