EPUD - Solar Water Heater Loan (Oregon)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Oregon

Name EPUD - Solar Water Heater Loan
Incentive Type Utility Loan Program
Applicable Sector Residential
Eligible Technologies Solar Water Heat
Active Incentive No
Incentive Inactive Date 2013-02-01
Implementing Sector Utility
Energy Category Renewable Energy Incentive Programs
Amount up to 7,500















Maximum Incentive 7,500









Terms Rate: 0%
Repayment: up to 5 years
Program Administrator Emerald People's Utility District
Website http://www.epud.org/conservation/solarwaterheater.aspx
Date added to DSIRE 2000-01-01
Last DSIRE Review 2013-02-01



References DSIRE[1]


Summary

The Emerald People’s Utility District (EPUD), which serves over 17,000 customers, began the Solar Water Heater Program in 1997. EPUD residential customers who switch from electric to solar hot water heaters are eligible for a $600 rebate, as well as a zero-interest loan. The rebate budget is approximately $18,000 per year. To be eligible for the rebate, participants must select an EPUD-approved contractor.

Qualified participants may also borrow up to $7,500 at 0% interest to cover any costs not covered by the rebate. The repayment period is three years (36 months) for loans of $1,500 or less, and up to five years (60 months) for loans of $1,500 to $7,500. EPUD screens all potential loan recipients. The loans are provided through a local credit union, and EPUD buys the interest rate down to zero percent. EPUD maintains a budget of $120,000 per year for its customer loans. To date, $350,000 in loans have been awarded to Solar Water Heater Program participants.


Incentive Contact

Contact Name Joe Savage
Department Emerald People's Utility District

Address 33733 Seavey LP Road

Place Eugene, Oregon
Zip/Postal Code 97405
Phone (541) 744-7448


Email joe@epud.org
Website http://www.epud.org
     
     


















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"