Oregon Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 04/17/2012
Program Overview:
| State: |
Oregon |
| Incentive Type: |
Utility Loan Program |
| Eligible Efficiency Technologies: |
Heat pumps, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors |
| Eligible Renewable/Other Technologies: |
Geothermal Heat Pumps |
| Applicable Sectors: |
Residential, Multi-Family Residential |
| Amount: | up to $9,000 |
| Maximum Incentive: | $9,000
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| Terms: | Rate: 0%
Repayment: not specified
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| Web Site: |
http://www.laneelectric.com/conservation-renewables/weatherizatio...
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Summary:
Lane Electric provides 0% loans to residents for the installation of efficient heat pumps and weatherization measures through the Home Energy Loan Program. Participating single or multi-family residences with permanently installed electric heat are eligible to apply for 0% interest loans up to $9,000 through either Pacific Cascade Federal Credit Union or First Tech Credit Union. The banks charge an interest rate on loans, but Lane Electric buys the interest rate down to 0%. In order to qualify for the loan, members must first request an energy analysis for the dwelling from Lane Electric. From the energy analysis, the auditor will then provide the customer with a list of eligible measures. The customer must choose which measures they would like to take, and then solicit contractor bids and submit a loan application to First Tech Credit Union or Pacific Cascade Federal Credit Union. Eligible measures include building and duct insulation, HVAC duct sealing, door and window replacements, and general air sealing. Contact Lane Electric Cooperative for more information on this program. |
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
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