Otter Tail Power Company - DollarSmart Energy Efficiency Loan Program

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Eligibility: 
Commercial
Industrial
Agricultural
Savings Category: 
Geothermal Heat Pumps
Water Heaters
Lighting
Chillers
Heat Pumps
Air conditioners
Heat recovery
Motors
Motor VFDs
Agricultural Equipment
Food Service Equipment
Program Info
Sector Name: 
Utility
Administrator: 
Otter Tail Power Company
State: 
Minnesota
Program Type: 
Loan Program
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.