Washington
Incentives/Policies for Renewables & Efficiency
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Last DSIRE Review: 03/30/2009
| Incentive Type: |
Utility Loan Program |
| State: |
Washington |
| Eligible Renewable/Other Technologies: |
Solar Water Heat,
Photovoltaics
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| Applicable Sectors: |
Residential,
Multi-Family Residential
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| Terms: | 3% APR, up to $7000 for single-family and $10,000 for multi-family residence |
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Web Site: |
http://www.franklinpud.com/
conservation/low-interest-loans.html
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Summary:
Since 1998, Franklin PUD has offered a residential loan program to customers making energy efficiency improvements. To qualify, the customer must own the home and the land, must use electricity as the primary source of heat and must have the PUD confirm the conservation measure is an efficiency upgrade. Solar hot water systems only qualify when replacing or adding to an existing electric water heating system.
Loan amounts range from $400 to $7,000 for a single-family residence and up to $10,000 for a multi-family building. The interest rate is 3% Annual Percentage Rate (APR). There is a $90 program fee per loan and a minimum monthly payment of $35.
Customers may qualify for loans on eligible measures, which include photovoltaics, solar hot water systems, heat pumps (air, water, ductless, and ground source), insulation upgrades, window upgrades, and electric water heaters (see separate DSIRE entry for energy efficiency loan information). Solar hot water systems only qualify when replacing or adding to an existing electric water heating system. Franklin PUD offers residential rebates on the items listed above, as well as many Energy Star appliances, duct sealing, and Energy Star Homes Northwest.
To start the process, customers must complete the application portion of the Residential Conservation Program packet, and return it to the PUD for review. Once approved, the PUD will send a letter of acceptance. Customers must then arrange to receive proposals from contractors on the PUD's approved list. The PUD must sign off on a final agreement before installation begins.
Note that loans and rebates may not be combined. Click here for information about Franklin PUD's solar rebate.
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Please note: The information on the DSIRE web site provides an overview of incentives and other policies, but it should not be used as the only source of information when making purchasing decisions, investment decisions, tax decisions or other binding agreements. Please refer to the individual contact provided in each record to verify that a specific incentive or other policy is applicable to your specific project.
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