Solar & Battery Regulation & Incentive Programs

Lane Electric Cooperative - Residential Energy Efficiency Loan Programs

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
Utility
State:
Oregon
Eligible Storage Technologies:
Solar Photovoltaics, Heat pumps, Air conditioners, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors
Website:
http://www.laneelectric.com/conservation-renewables/weatherization-programs/
Maximum Loan:
Weatherization: up to $9,000
Heat Pump (must have a minimum HSPF of 9.0 and a SEER rating of 14.0): loan up to $9,000 OR $500 rebate
HVAC duct sealing and whole house air sealing(Vinyl window replacements, ceiling, floor, and wall insulation, HVAC duct sealing and repair, door and window caulking, weather-stripping, and general air sealing): up to $1,000
Interest Rate:
0%
Administrator:
Lane Electric Cooperative
Applicable Sectors:
Residential, Multifamily Residential
Utility:
Lane Electric Coop Inc
Last Updated:
04/16/2019

Eligibility Criteria

EligibilitySectorsTechnologies
max $9000.0000
Residential
Solar Photovoltaics
Heat pumps
Caulking/Weather-stripping
Duct/Air sealing
Building Insulation
Windows
Doors
max $1000.0000
Residential
Air conditioners

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.