State Energy Loan Program

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Eligibility: 
Commercial
Industrial
Local Government
Nonprofit
Residential
Schools
State Government
Federal Government
Tribal Government
Savings Category: 
Solar - Passive
Solar Water Heat
Solar Space Heat
Geothermal Electric
Solar Thermal Process Heat
Solar Photovoltaics
Wind (All)
Biomass
Geothermal Heat Pumps
Combined Heat & Power
Water Heaters
Lighting
Chillers
Boilers
Heat Pumps
Air conditioners
Heat recovery
Programmable Thermostats
Energy Mgmt. Systems/Building Controls
Caulking/Weather-stripping
Duct/Air sealing
Building Insulation
Windows
Motors
Comprehensive Measures/Whole Building
Custom/Others pending approval
Other EE
Wind (Small)
Hydroelectric (Small)
Geothermal Direct-Use
Program Info
Sector Name: 
State
Administrator: 
Oregon Department of Energy
State: 
Oregon
Program Type: 
Loan Program
Summary: 
The Oregon State 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 to 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; or
  • Use alternative fuels.

Loans are available to individuals, businesses, schools, cities, counties, special districts, state and federal agencies, public corporations, cooperatives, tribes, and non-profits. School districts receive special rates. 

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. Loan fees are set based on the size of the loan and range from 1 - 2% of the loan  amount requested.

Applications are available on the program web site.