Home Energy Loans

Home Energy Loans in Washington

Craft3’s Home Energy Loan offers low fixed rates and low monthly payments, and convenient utility-bill repayment in most places. Applicants who pay their utility bills regularly may be eligible for a loan even with a less-than-perfect credit score.

How it works

1. Apply for a loan
2. Work with a program approved contractor to finalize a bid
3. Sign your loan documents electronically before work begins, nothing to mail. Up to 50% of the finance amount may be available up-front to contractors
4. Craft3 pays your contractor the remaining balance after the energy upgrade and quality oversight check are complete
5. Repay your loan through your primary heat source utility bill

Energy Trust of Oregon, Washington On-Bill Repayment**

Craft3 partners with NW Natural to offer Home Energy Loans to homeowners in Clark, Skamania and Klickitat Counties whose primary heat source fuel is provided through NW Natural.

Loan Amount	$2,500 - $15,000
Interest Rate	4.99% (5.29% APR*)
Term	Up to 15 years
Recording Fee	$200
Example	$10,000 loan at 5.29% APR 180 payments of $80.61 per month

Pacific Power**

Craft3 partners with Pacific Power to offer Home Energy Loans to Washington homeowners whose primary heat source fuel is provided through Pacific Power.

Loan Amount	$2,500 - $30,000
Interest Rate	4.99% (5.29% APR*)
Term	Up to 15 years
Recording Fee	$200
Example	$10,000 loan at 5.29% APR 180 payments of $80.61 per month
Low-income households may be eligible for additional low-cost services. Visit Pacific Power's website for more information.

Seattle City Light**

Craft3 offers Home Energy Loans to Seattle City Light customers.  

Loan Amount	$2,500 - $30,000
Interest Rate	4.99% (5.227% APR*)
Term	Up to 20 years
Recording Fee	$200
Example	$10,000 loan at 5.227% APR 120 payments of $134.80 bimonthly

*APR, Annual Percentage Rate based on example loan criteria.
**Loan availability, terms and conditions current as of 09/01/21 and are subject to change. All loan applications are subject to credit and project approval. Applicants must be a customer of a listed participating utility. Loans are secured by a UCC-1A filing recorded with the county. Subordination may be available with lender approval, fees may. Principal balance and interest is due on sale, transfer, refinance or maturity. Examples include financing of Loan Fee and Recording Fee.