| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | Oregon |
| Incentive Type: | Loan Program |
| Web Site: | http://www.laneelectric.com/conservation-renewables/weatherization-programs/ |
| Administrator: | Lane Electric Cooperative |
| Eligible Renewable/Other Technologies: | Solar Photovoltaics |
| Eligible Efficiency Technologies: | Heat pumps, Air conditioners, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors |
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.
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A solar PV system is custom-designed for your home. Final solar system price may vary based on your location, monthly utility bill, government incentives and rebates, the condition of your home, and local installation prices. Solar PV system output and estimated savings are calculated based on several factors including product type, system production, geography, weather, shade, electricity use, full utilization of the 30% solar investment tax credit, and utility rate structures and rate increases. Savings on your total electricity costs are not guaranteed. Financing options and terms vary by location, and may not be available in all areas. Solar QC is neither the lender nor the project installer. Solar QC License# 1130591
