Home Energy Loans

Home Energy Loans in Oregon

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 your contractor to finalize project cost.
3. Sign your loan documents electronically.
4. Begin your project! Make sure work is completed to your satisfaction.
5. Authorize final payment to your contractor once your project is completed.
6. Make loan payments through your utility bill.

Energy Trust of Oregon Programs

Savings within Reach On-Bill Repayment

Rates & Terms

Loan Amount	Up to $10,000
Interest Rate	6.49% (6.49% APR)
Term	Up to 5 years for amounts under $2,500 Up to 10 years for amounts $2,500 - $10,000
Loan Fee	None
Recording Fee	None
Utility	NW Natural, Pacific Power, PGE
Example	$5,000 loan at 6.49% APR 120 payments of $56.75 per month $1,500 loan at 6.49% APR 60 payments of $29.31 per month

Allowable Upgrades and Maximum Loan Amounts - maximum loan amount is determined by which Energy Trust eligible measures are performed

Up to $6,500	Up to $10,000
Ductless heat pump*	Any combination of eligible measures listed in the first column
Heat pump water heater*	Ducted heat pump and/or heat pump advanced controls
Gas furnace	Gas furnace with central air conditioner, eligible for customers of NW Natural**
Gas tank water heater	Windows
Central air conditioner***
Attic, wall or floor insulation

*Stacked structures with five or more units are eligible for the ductless heat pump and heat pump water heater incentives only.
**Qualifying gas furnace must account for at least 51% of loan amount for central air conditioner to qualify.
***Central air conditioner financing is available for customers of NW Natural and Pacific Power.

Savings Within Reach On-Bill Repayment maximum loan amounts are determined by the type of home upgrade(s) proposed. Learn more here.
Visit www.EnergyTrust.org/SavingsWithinReach for income guidelines and incentive eligibility.

Oregon On-Bill Repayment

Rates & Terms

Loan Amount	$2,500 - $10,000
Interest Rate	6.49% (7.15% APR)
Term	Up to 10 years
Loan Fee	$195
Recording Fee	$100
Utility	Pacific Power, PGE
Example	$10,000 loan at 7.15% APR 120 payments of $113.81 per month

Community Energy Project

Rates & Terms

Loan Amount	$2,500 - $30,000
Interest Rate	6.49% (6.80% APR)
Term	Up to 15 years
Loan Fee	$195
Recording Fee	$100
Utility	NW Natural, Pacific Power, PGE
Example	$15,000 loan at 6.80% APR 180 payments of $130.95 per month

APR, Annual Percentage Rate. Loan availability, terms and conditions current as of 01/01/20 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.