Washington Incentives/Policies for Energy Efficiency |
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Last DSIRE Review: 08/13/2012
Program Overview:
| State: |
Washington |
| Incentive Type: |
Utility Loan Program |
| Eligible Efficiency Technologies: |
Heat pumps |
| Eligible Renewable/Other Technologies: |
Geothermal Heat Pumps |
| Applicable Sectors: |
Residential |
| Amount: | Air-Source Heat Pump: up to $20,000
Geothermal Heat Pumps: up to $30,000 |
| Maximum Incentive: | Air-Source Heat Pumps: $20,000
Geothermal Heat Pumps: $30,000 |
| Terms: | Rate: 5.25%
Repayment: up to 7 years |
| Web Site: |
http://www.clarkpublicutilities.com/index.cfm/your-home/energy-co...
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Summary:
Clark Public Utilities offers loans of up to $20,000 for air-source heat pumps and $30,000 for geothermal heat pumps. Loans will help customers cover the up-front cost of installing a highly efficient heat pump in a residence. All electrically heated homes, including manufactured homes, are eligible for the heat pump financing program, as long as the home has been lived in for one year or more (new construction is not eligible). Customers have up to seven years to repay the loan at a 5.25 percent interest rate. The utility charges a $225 or $350 loan set-up fee, which can be paid up front or folded into the loan. Customers will be billed monthly for loan payments, separate from regular utility bills. Loans are not transferable and subject to credit approval. Additionally, minimum insulation requirements must be met either prior to loan approval or in conjunction with heat pump installation. The utility also offers rebates for the installation of heat pumps. Any rebate amount will be credited against the total loan amount. Clark Public Utilities also offers loans for weatherization up to $15,000.
Clark Public Utilities provides a list of contractors to choose from who have met the requirements for participating in the loan programs. Customers can call 360-992-3355 to speak with an energy counselor for more information and to request an application.
In addition to this loan program, Clark Public Utilities also provides rebates for its residential customers.
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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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