Otter Tail Power Company - Dollar Smart Financing Program

June 27, 2019

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 pumps
Commercial lighting and refrigeration
Process improvement systems
Milk house pre-coolers and stock waterers
Heat-recovery systems
Motor 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.

Program Overview

Implementing Sector:	Utility
Category:	Financial Incentive
State:	South Dakota
Incentive Type:	Loan Program
Web Site:	https://www.otpco.com/ways-to-save/rebates-and-savings/financing-business/
Administrator:	Otter Tail Power Company
Start Date:
Eligible Renewable/Other Technologies:	Geothermal Heat Pumps Water Heaters Lighting Heat pumps Air conditioners Heat recovery Motors Motor VFDs Other EE Commercial Refrigeration Equipment
Maximum Loan:	Minimum Loan: $150 Maximum Loan: $100,000 Loan amount cannot exceed 80% of the total project cost
Loan Term:	Repayment: 12 to 60 months for loans of $5,000 or more
Interest Rate:	1.9%

Contact

Name:	Customer Service - OTPC
Organization:	Otter Tail Power Company
Address:	PO Box 496 Fergus Falls MN 56538-0496
Phone:	(800) 493-3299

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.