Red River Valley REA - Heat Pump Loan Program

The Red River Valley Rural Electric Association (RRVREA) offers a loan program to its members for air-source and geothermal heat pumps. Loans are available for geothermal heat pumps at a 5% fixed rate, a 7% fixed rate for air-source heat pumps, and a 10% fixed rate for water heaters. Each loan has a eight-year term. Payments will appear on the electric bill. The loans are only available for equipment purchased from RRVREA or its subsidiary. Contact the RRVREA for more information on this program.