Description
Low-interest loans for renewable-energy systems are available to residential and small business customers of all Wisconsin Public Power, Inc. (WPPI) member utilities. This incentive is available for solar water-heating systems, solar space-heating systems for buildings that use electricity as the primary heat source, photovoltaic (PV) systems up to 20 kilowatts (kW) in capacity, wind-energy systems up to 20 kW in capacity, and repairs to existing systems.
Customers can borrow from $2,500 to $20,000, at an interest rate of 1.99%. Loan terms vary from three to 10 years. Financing is through Fannie Mae’s Residential Home Energy Improvement Program and underwritten by Energy Finance Solutions (EFS), a service of Wisconsin Energy Conservation Corporation. Eligibility is based on the customer’s credit score, bankruptcy history and debt-to-income ratio.
Electric customers of the following WPPI member utilities are eligible for loans:
- Algoma Utilities
- Black River Falls Municipal Utilities
- Boscobel Utilities
- Brodhead Water & Light
- Cedarburg Light & Water Utility
- Columbus Water & Light
- Cuba City Light & Water
- Eagle River Light & Water Utility
- Evansville Water and Light
- Florence Utilities
- Hartford Electric
- Hustisford Utilities
- Independence Light & Power
- Jefferson Utilities
- Juneau Utilities
- Kaukauna Utilities
- Lake Mills Light & Water
- Lodi Utilities
- Menasha Utilities
- Mount Horeb Utilities
- Muscoda Utilities
- New Glarus Light & Water
- New Holstein Utilities
- New London Utilities
- New Richmond Utilities
- Oconomowoc Utilities
- Oconto Falls Municipal Utilities
- Plymouth Utilities
- Prairie du Sac Utilities
- Reedsburg Utility Commission
- City Utilities of Richland Center
- River Falls Municipal Utilities
- Slinger Utilities
- Stoughton Utilities
- Sturgeon Bay Utilities
- Sun Prairie Water & Light
- Two Rivers Water & Light
- Waterloo Utilities
- Waunakee Utilities
- Waupun Utilities
- Westby Utilities
- Whitehall Electric Utility
Customers must reside in the service territory of the participating electric provider, and the system must be installed on the customer’s property. Customers participating in WPPI’s Renewable Energy Loan Program are not eligible for WPPI’s Renewable Energy Rebate Program. Customers eligible for incentives through Wisconsin Focus on Energy are not eligible for incentives through this program.
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