Washington

Incentives/Policies for Renewables & Efficiency

Port Angeles Public Works & Utilities - Solar Energy Loan Program

Last DSIRE Review: 09/07/2012

Program Overview:

State:	Washington
Incentive Type:	Utility Loan Program
Eligible Renewable/Other Technologies:	Solar Water Heat, Photovoltaics, Geothermal Heat Pumps
Applicable Sectors:	Commercial, Residential
Amount:	Not specified
Maximum Incentive:	Not specified
Terms:	Rate: 2.5% above the one year LIBOR (London Interbank Offered Rate) Repayment: up to 240 months
Web Site:	https://www.cityofpa.us/pwConserv.htm#EHome

Summary:

The City of Port Angeles Public Works & Utilities offers a low-interest loan to its residential and commercial customers for certain renewable energy projects. The loan is available for installation of solar water heating and photovoltaic systems. All improvements must be approved by the City in advance of any work performed. All improvements must meet the City’s Material & Installation Specifications. The interest rate for this loan is 2.5% above the one year London Interbank Offered Rate (LIBOR) and is subject to change without notice. The City guarantees the loan in exchange for the low interest rate through an agreement with a local lender. Fees are negotiated by the lender on a case-by-case basis. You must have the approval of the City of Port Angeles and the approved lender prior to beginning the project.

Contact:

Bob Kajfasz
Port Angeles Public Works and Utilities
PO Box 1150
Port Angeles, WA 98362
Phone: (360) 417-4718
E-Mail: rkajfasz@cityofpa.us
Web Site: http://www.cityofpa.us/

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