EWEB - Residential Solar Water Heating Loan Program (Oregon)

From Open Energy Information

Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Oregon


Name EWEB - Residential Solar Water Heating Loan Program
Incentive Type Utility Loan Program
Applicable Sector Residential
Eligible Technologies Solar Pool Heating, Solar Water Heat
Active Incentive Yes
Implementing Sector Utility
Energy Category Renewable Energy Incentive Programs
Amount Up to 75% of system cost after rebate








Maximum Incentive $7,000





Terms Rate: 0%
Repayment term: up to 5 years
Program Administrator Eugene Water and Electric Board
Website http://www.eweb.org/content.aspx/829b2655-9535-4dd8-84ad-9b382d6375f7


References DSIRE[1]


Summary

Eugene Water and Electric Board (EWEB) offers residential customers a loan and cash discount program called, "The Bright Way To Heat Water." The program is designed to promote the installation of solar water heaters and solar pool heating systems. It began in May 1990 as part of a demand-side management initiative. The loans have been offered since May 1995.

EWEB provides all funding for both loans and cash discounts. Customers may apply for loans of up to 75% of system cost at 0% interest with a repayment period of up to 60 months. The cash discount, or rebate, amount must be subtracted from the system cost prior to calculating the loan amount. The loan must be approved by EWEB before the system is installed. The loan payments begin after the utility has fully inspected the solar water heater or solar pool heating system.

A cash discount of $500 is available for solar domestic water heaters and solar pool heating systems. The systems with the best energy savings qualify for the higher rebate amounts. The cash discount is paid directly by EWEB to the contractor after the system has passed final inspection. The contractor passes this discount on to the customer when the sales contract is finalized.

To be eligible, customers must own the residential property or be the owner’s legally assigned representative, must have EWEB electric service, and must currently have an electric water heater (or pool heater). Qualifying systems must be installed by an eligible program contractor. Please contact Energy Management Services at (541)685-7000 for a list of eligible contractors.

<metadesc> EWEB - Residential Solar Water Heating Loan Program: energy incentive program. </metadesc>

Incentive Contact

Contact Name Colleen Wedin
Department Eugene Water and Electric Board
Address PO Box 10148
Place Eugene, Oregon
Zip/Postal Code 97440-2148
Phone (541) 685-7000


Email ask.us@eweb.org
Website http://www.eweb.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)"