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:
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.
| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | North Dakota |
| Incentive Type: | Loan Program |
| Web Site: | https://www.otpco.com/ways-to-save/rebates-and-savings/financing-business/ |
| Administrator: | Otter Trail Power Company |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
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| Maximum Loan: |
Loan Minimum: $150 Loan Maximum: $100,000 Loans may not exceed 80% of projects total cost |
| Loan Term: | Repayment: 12 to 60 months for loans of $5,000 or more |
| Interest Rate: | 1.9% |
| Name: | Customer Service - OTPC |
| Organization: | Otter Trail Power Company |
| Address: |
PO Box 496 Fergus Falls MN 56538-0496 |
| Phone: | (800) 257-4044 |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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