Port Angeles Public Works & Utilities - Solar Energy Loan Program (Washington)
Last modified on December 17, 2014.
Financial Incentive Program
|Name||Port Angeles Public Works & Utilities - Solar Energy Loan Program|
|Incentive Type||Utility Loan Program|
|Applicable Sector||Commercial, Residential|
|Eligible Technologies||Solar Water Heat, Photovoltaics, Geothermal Heat Pumps|
|Energy Category||Renewable Energy Incentive Programs|
|Maximum Incentive||Not specified|
|Terms|| Rate: 2.5% above the one year LIBOR (London Interbank Offered Rate)|
Repayment: up to 240 months
|Program Administrator||Port Angeles Public Works and Utilities|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
The City of Port Angeles Public Works & Utilities offers a low-interest loan to its residential and commercial customers for certain renewable energy projects. The loan is available for installation of solar water heating and photovoltaic systems. All improvements must be approved by the City in advance of any work performed. All improvements must meet the City’s Material & Installation Specifications. The interest rate for this loan is 2.5% above the one year London Interbank Offered Rate (LIBOR) and is subject to change without notice. The City guarantees the loan in exchange for the low interest rate through an agreement with a local lender. Fees are negotiated by the lender on a case-by-case basis. You must have the approval of the City of Port Angeles and the approved lender prior to beginning the project.
|Contact Name||Bob Kajfasz|
|Department||Port Angeles Public Works and Utilities|
|Address||PO Box 1150|
|Place||Port Angeles, Washington|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.