In the final week of December 2021, UEC’s Energy Saver Loan Program exceeded $500,000 for the year and $1 million since it started in January 2019.
More than 100 members have received loans at 1.99% for upgrades such as heat pumps, windows, insulation, duct sealing, and other residential energy efficiency installations that can have a sizeable impact on lowering electric usage.
The loans are repaid as a line item on your energy bill, with energy savings helping offset part of the cost. Members can opt for a repayment schedule of up to 10 years and finance the entire amount of the improvement.
Energy Saver Loan Facts
- 1.99% interest
- Repay using “on-bill financing,” in which the loan repayment will be included as a line item on your monthly energy bill
- To qualify, we ask for a good standing payment history at UEC
- Applications will not be considered complete without a legal property description
- Payment will be made directly to the contractor. All contractors must be licensed, bonded, and insured
- Your upgrade may also qualify for a rebate – call us before beginning your project!
For more details and application requirements, please contact loan coordinator Amy Callan at (541) 567-6414 or by email. More information and an online application form are available on Energy Saver Loan Program page