Last DSIRE Review: 01/10/2013
||State Loan Program
|Eligible Efficiency Technologies:
||Water Heaters, Lighting, Chillers , Boilers, Heat pumps, Central Air conditioners, CHP/Cogeneration, Heat recovery, Programmable Thermostats, Energy Mgmt. Systems/Building Controls, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Motors, Irrigation, Wastewater treatment
|Eligible Renewable/Other Technologies:
||Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Solar Thermal Process Heat, Photovoltaics, Landfill Gas, Wind, Biomass, Geothermal Electric, Geothermal Heat Pumps, Municipal Solid Waste, CHP/Cogeneration, Small Hydroelectric, Renewable Fuels, Geothermal Direct-Use
||Commercial, Industrial, Residential, Nonprofit, Schools, Local Government, State Government, Tribal Government, Fed. Government, Rural Electric Cooperative
|Amount:||Typically $20,000 - $20 million|
|Terms:||Terms vary, generally in the range of 5 to 15 years. The loan term must be within the expected life of the project.|
OAR 330-110-0005 et seq.|
ORS § 470.050 et seq.|
The Oregon Small-Scale 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.
As of March 2012, 854 loan applications have been approved, committing approximately $594 million.
Applications are available on the program web site.