Solar & Battery Regulation & Incentive Programs

Low-Interest Energy Loan Programs

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
State
State:
Idaho
Eligible Storage Technologies:
Solar Water Heat, Solar Space Heat, Geothermal Electric, Solar Photovoltaics, Wind (All), Biomass, Hydroelectric, Geothermal Heat Pumps, Combined Heat & Power, Water Heaters, Lighting, Furnaces, Heat pumps, Air conditioners, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Motor VFDs, Agricultural Equipment, Comprehensive Measures/Whole Building, Custom/Others pending approval, Other EE, Wind (Small), Hydroelectric (Small), Geothermal Direct-Use
Website:
https://oemr.idaho.gov/loan-program/
Maximum Loan:
Residential: $15,000
All others: $100,000
Loan Term:
4% interest with 5-year term
Administrator:
Office of Energy Resources
Applicable Sectors:
Commercial, Industrial, Nonprofit, Residential, Agricultural, Multifamily Residential, Institutional
Last Updated:
01/07/2021

Summary

The Idaho Governor's Office of Energy Resources (OER) State Energy Loan Program offers low-interest loans to make building improvements that will conserve energy and increase energy efficiency projects in Idaho. Qualified projects include insulation, lighting upgrades, windows, weatherization, HVAC, appliances, and renewable energy. See qualifying addendums on the State Energy Loan Program website for project and equipment requirements. 

Loans are leveraged by utility incentives as well as federal and state tax credits and deductions. Loans are 4% interest with 5 year terms. Applications are evaluated on the basis of credit; all loans must be secured with real estate and/or equipment. As of February 1, 2011, loan applicants will be charged credit analysis fees incurred by the Idaho Governor's Office of Energy Resources. Fees for residential loans are $100 and fees for commercial loans are $250. The fee is due after the project analysis is completed and before the credit analysis is initiated. Loans are available for retrofit only, with the exception of some renewable resources.