Santee Cooper: Renewable Energy Resource Loans
Loans for solar panels, wind energy, hydropower and biomass systems at low rates for up to $40,000.
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Santee Cooper offers low-interest loans to residential customers who install photovoltaic (PV) systems, wind energy systems, micro-hydropower systems, biomass energy systems, or solar water heaters. Participation in the utility's "net billing" program is not required, but customers may opt to participate in that program.*
The maximum loan amount is $40,000, and the maximum term is 10 years. Under Santee Cooper's "net billing" program, a renewable-energy system may not exceed the estimated maximum monthly kilowatt (kW) demand of the residence or 20 kW, whichever is less. A home energy audit is required prior to the purchase and installation of a system, and customers must submit an interconnection application to Santee Cooper prior to installation.
* The term "net billing" is often confused with "net metering." In general, net billing is less favorable to customers than net metering. Santee Cooper does not offer net metering.