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State Energy Loan Program

Eligible States OR
Type Loan
Area of Interest Renewable Energy
Description

The Oregon Office of Energy provides low-interest, long-term, fixed rate loans for energy projects through the sale of bonds to finance the State Energy Loan Program (SELP). The SELP targets projects that promote energy conservation, development of renewable energy resources, or use of alternative fuels. Loans vary greatly in size, from as little as $20,000 to more than $16 million. Terms generally range from 5 to 15 years and must be within the expected life of the project.

Eligible Organizations Livestock Producer, Commercial/Industrial Business, Educational Institution, Nonprofit, Residential, Small Business, State Government
How to Apply Application costs are 0.1 percent of the amount requested, to a maximum of $2,500. The SELP also charges an underwriting fee of 0.5 percent, to a maximum of $5,000. The loan fee is one percent of the loan amount. Applications are available on the program website listed below.
For More Information http://egov.oregon.gov/ENERGY/LOANS/selphm.shtml Exit EPA Disclaimer
Primary Contact Kathy Estes
Oregon Office of Energy
625 Marion Street, NE
Salem, OR 97301
(503) 378-5048
kathy.estes@state.or.us

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