Iowa Gas Low-Interest Financing Program
Because home maintenance can be costly, we offer low-interest financing for high-efficiency heating equipment. To qualify, you must be a Black Hills Energy residential customer who owns and lives in a home occupied year-round. You must have a good credit history and a good utility payment record.
The program design makes it easy to participate:
- Competitive interest rate
- No down payment
- Application processing often done in one business day
- Payment automatically included in monthly gas bill
- Same monthly payment for the term of the loan
- No penalty for early loan pay off
- Varied loan terms
You can finance the following new equipment:
|Natural gas equipment||finance term|
|Furnaces: 94% AFUE or greater||Up to 84 months|
|Boiler: 95% or greater AFUE||Up to 60 months|
Financing is offered instead of energy efficiency rebates. You have a choice of low-rate financing or a rebate, not both.
To get started with your application process, call us at 800-519-3571 or see our brochure.
Air conditioning equipment, extended warranties, installation costs, wiring and duct work will also be included when purchased at the same time as the natural gas heating equipment. Equipment financed must exceed the ASHRAE** minimum-efficiency requirements in effect at the time of financing. Term of financing for the related items and for natural gas integrated space and water-heating systems are the same as the terms for the natural gas equipment.
You can also check out our Terms and Conditions to view the fine print.
*Annual fuel utilization efficiency (AFUE) measures the efficiency of combustion equipment, including furnaces, boilers and water heaters.
**The method for measuring the AFUE for residential furnaces is determined by the American Society of Heating, Refrigeration, and A/C Engineers (ASHRAE).