State Energy Loan Program (Oregon)
Last modified on February 12, 2015.
Financial Incentive Program
The Oregon State Energy Loan Program (SELP) was created in 1981 after voters approved a constitutional amendment authorizing the sale of bonds to finance small-scale, local energy projects and is administered by the Oregon Department of Energy. The sale of bonds is made on a periodic basis and, occasionally, may be done accommodate a particularly large loan request.
The program offers low-interest loans for projects that:
- Save energy;
- Produce energy from renewable resources such as water, wind, geothermal, solar, biomass, waste materials or waste heat;
- Use recycled materials to create products;
- Use alternative fuels; and
- Reduce energy consumption during construction or operation of another facility
Loans are available to individuals, businesses, schools, cities, counties, special districts, state and federal agencies, public corporations, cooperatives, tribes, and non-profits.
Though there is no legal maximum loan, the size of loans generally ranges from $20,000 to $20 million. Terms vary, but are generally set to match the term of the bonds that funded the loans. Loan terms may not exceed project life.
Applications are available on the program web site.
|Contact Name||Adam Morgan|
|Department||Oregon Department of Energy|
|Address||625 Marion Street, N.E.|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||OAR 330-110-0005 et seq.|
|Authority 2:||ORS § 470.050 et seq.|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.