25% of total project cost, up to $8,000
Sulphur Springs Valley Electric Cooperative (SSVEC) has a loan program that allows its members to finance a portion of a photovoltaic (PV) or small wind system. Loans are available in an amount of $2.00 per watt up to a maximum of 25% of the total cost of the system, with an interest rate of 3%. There is a cap on loan amounts of 4 kW for residential systems and 10 kW for small business systems. The loan program has limited funds and is on a first come, first served basis.
SSVEC's loan program may be combined with the cooperative's [http://www.dsireusa.org/library/includes/incentive2.cfm?Incentive_Code=A... rebate program], but the rebate and loan combined cannot exceed 75% of the system's cost.