Loans from $150 to $25,000 to Buy New Energy Equipment
Otter Tail Power Company’s Dollar Smart Financing Program offers $150 to $25,000 loans to its residential and business customers. Customers may use the 7.9% interest rate loan to finance purchases of new electric technologies. Loans may not exceed 80% of the project’s total cost, and the maximum residential loan is $7,000 with the exception of geothermal heat pump installations and combination electric systems such as a thermal storage central furnace with an air source heat pump, which are eligible for up to $12,000 in financing. The maximum loan amount for businesses is $25,000. Contact: Customer Service, Otter Trail Power Company, PO Box 496, 215 S Cascade Street, Fergus Falls, MN 56538-0496; 218-739-8200 or 800-257-4044; http://www.otpco.com/ProductsServices/Financing.asp
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