Rebates and Incentives
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Electric Heating Equipment Rebate:
The member can receive a $400 cash payment for the installation of electric heat pump equipment. In addition, a bonus rebate of $200 will be given on heat pump systems that are listed as Energy Star equipment. The structure must receive electric service from Central Electric and each structure is limited to one rebate.
Low Interest Loan:
In addition to the cash rebate for heating equipment, the member can apply for an optional 5% interest rate loan for the financing of new electric equipment and its installation.
The 5% loan is available upon application from the member and approval by Central Electric's Board of Directors. The maximum loan amount is the lesser of $20,000 or 80% of the cost of the installation for up to an 84 month term. Collateral for the loan is required to be mortgage on the property. Minimum monthly payment is $50 plus interest.
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M - F // 8:00am - 5:00pm1420 N. Main Mitchell, SD 57301 // 800.477.2892 // cec@centralec.coop