Lane Electric Cooperative - Residential Energy Efficiency Loan Programs (Oregon)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Oregon

Name Lane Electric Cooperative - Residential Energy Efficiency Loan Programs
Incentive Type Utility Loan Program
Applicable Sector Multi-Family Residential, Residential
Eligible Technologies Building Insulation, Caulking/Weather-stripping, Doors, Duct/Air sealing, Heat pumps, Windows, Geothermal Heat Pumps
Active Incentive Yes

Implementing Sector Utility
Energy Category Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs
Amount up to $9,000















Maximum Incentive $9,000









Terms Rate: 0%
Repayment: not specified
Repayment: not specified
Program Administrator Lane Electric Cooperative
Website http://www.laneelectric.com/conservation-renewables/weatherization-programs/
Date added to DSIRE 2007-03-29
Last DSIRE Review 2012-04-17



References DSIRE[1]


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.


Incentive Contact

Contact Name Energy Services Department
Department Lane Electric Cooperative

Address 787 Bailey Hill Road
Address 2 PO Box 21410
Place Eugene, Oregon
Zip/Postal Code 97402
Phone (541) 484-1151


Email comment.question@laneelectric.com
Website http://www.laneelectric.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)"