Oregon Incentives/Policies for Renewables & Efficiency |
 |
Last DSIRE Review: 01/14/2013
Program Overview:
| State: |
Oregon |
| Incentive Type: |
Utility Loan Program |
| Eligible Renewable/Other Technologies: |
Solar Water Heat, Solar Pool Heating |
| Applicable Sectors: |
Residential |
| Amount: | Up to 75% of system cost after rebate |
| Maximum Incentive: | $7,000 |
| Terms: | Rate: 0%
Repayment term: up to 5 years |
| Web Site: |
http://www.eweb.org/content.aspx/829b2655-9535-4dd8-84ad-9b382d63...
|
Summary:
Eugene Water & Electric Board (EWEB) offers residential customers a loan and cash discount program called, "The Bright Way To Heat Water." The program is designed to promote the installation of solar water heaters and solar pool heating systems. It began in May 1990 as part of a demand-side management initiative. The loans have been offered since May 1995.
EWEB provides all funding for both loans and cash discounts. Customers may apply for loans of up to 75% of system cost at 0% interest with a repayment period of up to 60 months. The cash discount, or rebate, amount must be subtracted from the system cost prior to calculating the loan amount. The loan must be approved by EWEB before the system is installed. The loan payments begin after the utility has fully inspected the solar water heater or solar pool heating system.
A cash discount of $500 is available for solar domestic water heaters and solar pool heating systems. The systems with the best energy savings qualify for the higher rebate amounts. The cash discount is paid directly by EWEB to the contractor after the system has passed final inspection. The contractor passes this discount on to the customer when the sales contract is finalized.
To be eligible, customers must own the residential property or be the owner’s legally assigned representative, must have EWEB electric service, and must currently have an electric water heater (or pool heater). Qualifying systems must be installed by an eligible program contractor. Please contact Energy Management Services at (541)685-7000 for a list of eligible contractors.
|
Contact:
| |
Colleen Wedin
Eugene Water & Electric Board
PO Box 10148
Eugene, OR 97440-2148
Phone: (541) 685-7000
Fax: (541) 685-7303
Web Site: http://www.eweb.org
|
|
|
|
 |
Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
|
