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
Savings Within Reach On-Bill Repayment maximum loan amounts are determined by the type of home upgrade(s) proposed. Learn more here. Visit Savings Within Reach - Energy Trust of Oregon 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

Craft3 Home Energy Loan**


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 based on example loan criteria.
**Loan availability, terms and conditions current as of 01/01/21 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 vary. Principal balance and interest is due on sale, transfer, refinance or maturity. Examples include financing of Loan Fee and Recording Fee.

Craft3 Loan Details

Loan Features

  • Competitive interest rates, with no rate increase for lower credit scores.
  • Repayment through your utility bill.
  • Program or utility incentives may be available.
  • Finance up to 100 percent of eligible measures.
  • No upfront loan fees or pre-payment penalties.

Eligibility

  • Offered to customers of select utilities
  • Property must be owner-occupied.
  • Detached single-family homes are eligible for all financing offers.
  • Small multifamily properties may be eligible with certain offers.
  • Manufactured homes on leased land not eligible.
  • Low-income households may be eligible for additional services — contact your utility.

Learn More

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Craft3 is an equal opportunity lender and employer. NMLS ID 390159 NMLS Consumer Access.
The completion of an application does not guarantee loan approval or receipt of loan funds.
Craft3 is a 501(c)(3) and all donations are tax deductible. EIN 91-1662698.
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