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Funding Resources
Funding Resources
| OR Small Scale Energy Loan Program (SELP) | |
|---|---|
| Type of Incentive | Loan |
| Eligible States | OR |
| Eligible Technology | Backpressure Turbine, Boiler, Combustion Turbine, Condensing Turbine, Extracting Turbine, Fuel Cell, Microturbine, Other, Reciprocating Engine, Heat Recovery Generator, Stirling Engine |
| Eligible Fuel | # 2 Fuel Oil, # 6 Fuel Oil, Biogas, Biomass, Coal, Hydrogen, LFG, Municipal Solid Waste, Natural Gas, Other, Tire-Derived Fuel, Waste Heat Recovery |
| Eligible Project Size | small scale |
| Critical Information | The Oregon Small Scale Energy Loan Program (SELP) is administered by the Oregon Department of Energy and was created in 1981 after voters approved an amendment to the Oregon Constitution in 1980 authorizing the sale of bonds to finance small scale, local energy projects. Loans are available to individuals, businesses, schools, cities, counties, special districts, state and federal agencies, public corporations, cooperatives, tribes, and non-profits. Though there is no legal maximum loan, the largest single loan has been $16.8 million. Loan terms vary. Generally, they are set to match the term of the bonds that fund the loans, but loan terms may not exceed project life. Businesses which qualify for SELP often qualify for the Business Energy Tax Credit (BETC) as well. |
| Start Date | 5/20/1981 |
| End Date |
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| Minimum Efficiency (%) |
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| Additional Information | * The loan program has no specified expiration date. |
| Web Site | http://egov.oregon.gov/ENERGY/LOANS/selphm.shtml |
| Additional Web Site | http://www.dsireusa.org/library/includes/ incentive2.cfm?Incentive_Code=OR04F&state=OR&CurrentPageID=1&RE=1&EE=1 |
| Primary Contact | Kathy Estes Assistant Loan Officer 625 Marion Street, N.E Salem, OR 97301-3737 U.S.A. Kathy Estes (kathy.estes@state.or.us) (503) 378-5048 (503) 373-7806 |