Port Angeles Public Works & Utilities - Solar Energy Loan Program (Washington)

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Summary

Last modified on December 17, 2014.

Financial Incentive Program

Place Washington

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
Active Incentive Yes

Implementing Sector Utility
Energy Category Renewable Energy Incentive Programs
Amount Not specified















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
Website https://www.cityofpa.us/pwConserv.htm#EHome
Date added to DSIRE 2008-02-13
Last DSIRE Review 2012-09-07



References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


Summary

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.


Incentive Contact

Contact Name Bob Kajfasz
Department Port Angeles Public Works and Utilities

Address PO Box 1150

Place Port Angeles, Washington
Zip/Postal Code 98362
Phone (360) 417-4718


Email rkajfasz@cityofpa.us
Website http://www.cityofpa.us/
     
     


  • 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"