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, a 7% fixed rate for air-source heat pumps, and a 10% fixed rate for water heaters. Each loan has 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.
| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | Oklahoma |
| Incentive Type: | Loan Program |
| Web Site: | https://rrvrea.com/member-services-ps |
| Administrator: | Red River Valley Rural Electric Cooperative |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
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| Loan Term: | Up to 8 years |
| Interest Rate: |
Geothermal Heat Pumps: 5% Air-Source Heat Pumps: 7% Water Heaters: 10% |
| Name: | KorDale Lornes |
| Organization: | Red River Valley REA |
| Address: |
P.O. Box 220 Marietta OK 73448 |
| Phone: | (580) 276-3364 |
| Email: | kordale@rrvrea.com |
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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