GreenStreet Lending Program (Oregon)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Oregon

Name GreenStreet Lending Program
Incentive Type State Loan Program
Applicable Sector Commercial, Multi-Family Residential, Residential
Eligible Technologies Boilers, Building Insulation, Central Air conditioners, Comprehensive Measures/Whole Building, Custom/Others pending approval, Duct/Air sealing, Furnaces, Heat pumps, Lighting, Lighting Controls/Sensors, Water Heaters, Windows, Photovoltaics, Solar Water Heat, Wind
Active Incentive No

Implementing Sector State/Territory
Energy Category Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs
Amount Varies, depending on type of loan

Residential: 1,000 - 100,000
Small Business: 5,000 - 250,000


























Terms Varies, depending on type of loan
Program Administrator The Energy Trust of Oregon
Website http://www.greenstreetloan.com/
Date added to DSIRE 2009-01-01
Last DSIRE Review 2012-08-22
Last Substantive Modification
to Summary by DSIRE
2012-08-22


References DSIRE[1]


Summary

NOTE: This low-interest loan program is separate from the Small-Scale Energy Loan Program offered by the Oregon Department of Energy. This loan program is offered by a private bank, Umpqua Bank, for customers working with Energy Trust and their trade ally contractors.

Energy Trust of Oregon and Umpqua Bank have partnered to offer this loan to homeowners and small businesses for renewable energy and energy efficiency investments. These loans have no loan fees, no closing costs, and offer preferred rates to homeowners and small businesses interested in certain renewable energy and energy efficiency projects. To qualify for a loan, an individual or business must be a customer of PGE, Pacific Power, NW Natural or Cascade Natural Gas.

There are several different loan options that carry different interest rates and terms. Homeowners are eligible for two types of loans, the Home Equity Loan and the Unsecured Home Improvement Loan. The Home Equity Loan is for $5,000 to $100,000, carries a fixed interest rate, and a term of up to 15 years. The Unsecured Home Improvement Loan is for $1,000 to $50,000, carries a fixed interest rate, and has a term of up to 5 years. Small businesses and owners of multifamily residential property are eligible for two types of loans, the Commercial Real Estate Improvement Loan and the Business Term Loan. The Commercial Real Estate Improvement Loan is for $5,000 to $250,000, has a variable interest rate, and carries a term of up to 15 years. The Business Term Loan is for $5,000 to $250,000, has a fixed interest rate, and carries a term of up to 7 years.

These loans can be taken for efficient heating and cooling systems, water heating systems, insulation, windows, solar energy systems, air and duct sealing, lighting, appliances, and wind energy systems. Eligible technologies vary by customer type. Several Energy Trust incentives are also available for projects that qualify for these loans.


Incentive Contact

Contact Name Information Officer - GreenStreet Lending
Department The Energy Trust of Oregon

Address 851 SW Sixth Ave., Suite 1200

Place Portland, Oregon
Zip/Postal Code 97204
Phone (866) 790-2121


Email info@energytrust.org
Website http://www.greenstreetloan.com
     
     


















  • 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)"