Stearns Electric Association - Energy Efficiency Loan Program
Administered by: Stearns Electric Association
Quick Summary
Stearns Electric members can finance energy improvements like heat pumps, insulation, windows, and water heaters up to $5,000 at 5% interest with repayment over up to 60 months—no income requirements apply, though your payment history with the cooperative is reviewed. Materials, equipment, and contractor labor costs all qualify for financing. To apply, complete and submit the ERC Loan application available on the program website.
AI-generated summary • Updated 7/12/2026
Program Details
- Program ID
- 3434
- Last Updated
- 11/10/2025
Eligibility
Program Summary
Stearns Electric Association, through a program offered by Rural Utilities Services, offers its members low-interest Energy Resource Conservation (ERC) loans. The complete cost of making approved energy conservation improvements may be eligible for financing with an ERC loan at 5% interest. Up to $5,000 for qualifying improvements to homes, businesses, or agricultural buildings at least one year old. The maximum repayment schedule is set at 60 months. Financed improvements to a residence must meet the criteria as outlined by the ERC loan program guidelines. Related costs for materials, equipment, and labor (if done by a contractor) are all eligible for financing. This includes the expenses for electrical wiring, the heating equipment, and/or duct work. A list of eligible measures can be found on the program application form located on the program website.
Contact & Resources
Please verify current program details with the administering agency before making any financial decisions.