Salem Electric - Low-Interest Loan Program (Oregon)
Last modified on December 17, 2014.
Financial Incentive Program
|Name||Salem Electric - Low-Interest Loan Program|
|Incentive Type||Utility Loan Program|
|Applicable Sector||Commercial, Residential, Nonprofit, Local Government, State Government, Fed. Government|
|Eligible Technologies||Solar Water Heat, Photovoltaics|
|Energy Category||Renewable Energy Incentive Programs|
|Terms|| Rate: 5%|
Repayment: up to 60 months
|Program Administrator||Salem Electric|
|Date added to DSIRE||2007-03-07|
|Last DSIRE Review||2013-04-22|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
Salem Electric residential customers participating in the Bright Way Solar or Photovoltaic programs are eligible for a loan with a 5% interest rate from a local bank. Customers must choose between the loan or the rebate programs. Loan amounts are limited to $7,500. The loan term is 12 to 60 months, and there is a minimum payment of $25 each month. Solar water heating systems must meet the requirements of the BPA Bright Way to Heat Water program. Solar photovoltaic (PV) systems must meet equipment requirements established by the Oregon Department of Energy.
Contact Salem Electric for more information on this program.
|Contact Name||Customer Service - Salem Electric|
|Address||633 7th Street NW|
|Address 2||PO Box 5588|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.