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Low-Interest Loans

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  1. Customer Services
  2. Low-Interest Loans

Interested in saving money AND saving energy? Dakota Valley Electric Cooperative offers a variety of low-interest loans to qualifying members:

Electric Heating and Water Heater Loans

Loans are available for installations of electric heating products such as heat pumps, electric boilers, electric furnaces, base board heaters, cove heaters, electric water heaters, fan forced heaters and thermal storage heat.

The interest rate is 5 percent annually. A 10 percent down payment is required. The term of the loan, to be repaid monthly, will vary depending on the amount borrowed. For example:

Under $1,000- up to 1-year term
$1,000 - $2,000- up to 2-year term
$2,000 - $3,000- up to 3-year term
$3,000 - $4,000- up to 4-year term
$4,000 - $5,000- up to 5-year term

Geothermal Heat Pump Loans

With board approval, financing for up to 50 percent of the cost of purchase and installation of a closed loop heat pump at a location served by Dakota Valley Electric -- not to exceed $10,000--is available to members of the cooperative. The term of the loan will be 5 percent interest for a maximum of 7 years, to be repaid in monthly installments.

Energy Resource Conservation Loans

Members may finance weatherization projects, such as adding insulation and replacing windows and doors, at an interest rate of 5% annually.

The terms of the loan, to be repaid monthly, will vary depending on the amount borrowed.

  • Home
  • Your Co-op
    • About Us
    • Contact Us
    • About Touchstone Energy
    • Co-op History
    • Cooperative Principles
    • Employment Opportunities
    • Our Directors
    • Director Districts
    • Our Mission
    • Power of Membership
    • Service Area
    • Staff
  • Customer Services
    • Capital Credits
    • Dakota Valley Services Corporation
    • Forms and Applications
    • Loan Program
    • ND Energy Share
    • Off-Peak Programs
    • Payment Options
    • Solar System
    • Storm Preparation
    • Together We Save
  • News & Events
    • ND Living Magazine
    • Annual Meeting
    • Annual Reports
    • Bill Inserts
    • For Sale Items
    • Press Releases
    • Schedule of Events
  • Community
    • Committed to Caring
    • Economic Development
    • Education
    • Operation Round Up
      • Operation Round Up
      • Operation Round Up FAQs
      • Operation Round Up Guidelines
      • Operation Roundup Board Members
You inspire us to find solutions, so we can provide the energy and savings you need. Visit Touchstoneenergy.com to learn more.
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Contact Info

Dakota Valley Electric Cooperative

7296 Highway 281
Edgeley, ND 58433

By Phone: 1-800-342-4671

Report Outages: 1-800-342-4671

By Email: dvec@dakotavalley.com
DO NOT E-MAIL OUTAGE INFORMATION

About Us

Dakota Valley Electric Cooperative is one of 16 distribution cooperatives in North Dakota. It serves some 6,000 members on almost 4,700 miles of line in an area that stretches from the Minnesota border nearly to Ashley, and from the South Dakota border to Jamestown. From headquarter offices in Milnor and Edgeley, and outposts in Wahpeton, Hankinson, Oakes and Gackle, 43 employees work full-time to provide members with electricity and to improve the quality of rural life.

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©2023 Dakota Valley Electric Cooperative. All Rights Reserved.

  • Home
  • Your Co-op
    • About Us
    • Contact Us
    • About Touchstone Energy
    • Co-op History
    • Cooperative Principles
    • Employment Opportunities
    • Our Directors
    • Director Districts
    • Our Mission
    • Power of Membership
    • Service Area
    • Staff
  • Customer Services
    • Capital Credits
    • Dakota Valley Services Corporation
    • Forms and Applications
    • Loan Program
    • ND Energy Share
    • Off-Peak Programs
    • Payment Options
    • Solar System
    • Storm Preparation
    • Together We Save
  • News & Events
    • ND Living Magazine
    • Annual Meeting
    • Annual Reports
    • Bill Inserts
    • For Sale Items
    • Press Releases
    • Schedule of Events
  • Community
    • Committed to Caring
    • Economic Development
    • Education
    • Operation Round Up
      • Operation Round Up FAQs
      • Operation Round Up Guidelines
      • Operation Roundup Board Members