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.
| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | Oregon |
| Incentive Type: | Loan Program |
| Web Site: | http://www.salemelectric.com/ |
| Administrator: | Salem Electric |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
|
| Maximum Loan: | $7,500 |
| Loan Term: |
Rate: 5% Repayment: up to 60 months |
| Name: | Customer Service - Salem Electric |
| Organization: | Salem Electric |
| Address: |
633 7th Street NW Salem OR 97304 |
| Phone: | (503) 362-3601 |
| Email: | se@salemelectric.com |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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