Pacific Power (Wash.)

Our home energy loans help hundreds of Washington homeowners annually.

Simple and accessible financing that lets you borrow the full cost of eligible energy improvements whether it’s installing a heat pump, insulating your home, or upgrading your hot water heater.

Financing to Fit

Finance up to 100 percent of eligible energy efficiency measures up to a maximum loan amount of $50,000.

Simple Terms

No up-front loan fees or prepayment penalties. Perfect credit not required.

Fair Rates

Competitive interest rates, with no rate increase for lower credit scores.

a group of people standing around a kitchen counter
Home Energy Loans

Make A Change For The Better

Our financing has helped hundreds of homeowners. Our team makes it easy and helps you every step of the way. We look forward to working with you!


  • Offered to Pacific Power customers
    in Washington.
  • Perfect credit not required.
  • To assist in our loan decision, we may assess the last 12 months of your utility payments.
  • Property must be owner-occupied.
  • Detached single-family homes are eligible
    for all financing offers. Condominiums,
    townhomes, manufactured homes and
    small multifamily properties may be
    eligible for certain offers.

Rates & Terms

  • Competitive interest rates, with no rate
    increase for lower credit scores.
  • Convenient repayment through your
    utility bill.
  • Finance up to 100 percent of eligible
    measures up to a maximum loan amount
    of $50,000.
  • No up-front loan fees or prepayment penalties.


  • Homeowners can finance a wide range of rebate-eligible projects. You may also be able to finance critical repairs required in order to undertake a rebate eligible project.
  • Additional program or utility incentives
    may be available. Your contractor can
    determine eligibility.
  • For more information about the sorts of projects you can finance go to wattsmartsavings.net/washington-residential/.
  • Low-income households may be eligible for additional low-cost services; go to pacificpower.net to learn more.
Annual Household Income:
More than 100% AMI**
Equal to/Less than 100% AMI**
Interest Rate
4.99% (5.29% APR*)
4.49% (4.79% APR*)
up to 15 years
Loan Amount
$2,500 - $50,000***
Security Loan Fee
UCC - $200 (where applicable)
$10,000 loan at 5.29% APR.
180 payments of $80.61 per month
$10,000 loan at 4.79% APR.
180 payments of $77.98 per month

* APR, Annual Percentage Rate based on example loan criteria.
** The area median income (AMI) is the household income for the median household in a region. AMI is based on HUD Income Limits, See Income Limits | HUD USER and Section 8 Income Limits (huduser.gov) for more information.
*** Maximum loan amount is $25,000 for Loans not secured by a UCC-1A filing.
Loan availability, terms, and conditions current as of 07/07/22 and are subject to change. Examples include financing of loan fees and a $200 recording fee, where applicable. All loan applications are subject to credit, property, and project approval. Maximum loan amount and Loan to Value apply and are subject to equity value and underwriting requirements for all programs. Applicants must be a customer of a listed participating utility. Loans that are secured by a UCC-1A filing will be recorded with the county. Subordination may be available with lender approval, fees may apply. Principal balance and interest are due on sale, transfer, refinance, or maturity. Due to Home Energy Loan funding sources, financed projects may require a cultural resource and historic preservation review. If a designation is made, the property owner will be responsible for costs incurred.
+ Critical repairs could include mold abatement; asbestos removal; leak repairs, including relevant wall and floor replacement; roof repair/replacement; rodent/pest removal and prevention; electrical upgrades including panel replacement; and air quality improvement.

Financing Your Home Energy Project With Craft3

Get Started TodayIniciar

Our online application is user-friendly and we’re standing by to help. Pre-approval in as few as three to five business days.


Work with your contractor to finalize project cost.

NOTE: Your contractor must be approved as a trade ally by the program and/or utility. Contact us here for more information.


Securely sign your electronic loan documents. By request, document signing is also available by mail.


When your loan documents are signed, your contractor can get to work. When you’re satisfied with the work, you authorize final payment to your contractor.

NOTE: Some programs require a post-project review before final payment can be made to your contractor.


Repay your loan with automated payments through your utility bill.

Customer Stories

Energy Improvements for a 1913 Home

Craft3 provided Shadia with a Home Energy Loan to seal the basement and attic, insulate the walls and install a new water heater and two heat pumps. Her Craft3 loan is repaid through her regular utility bill.

Pay it Forward

Our Lending Model

When you repay your loan, we use that money to make other loans. This allows us to serve more homeowners. Over time, this makes a big difference for communities, local economies, and the environment.

Additional Resources

Pacific Power offers additional programs and rebates that may help you save money or time.

Download the Home Energy Loan brochure for Washington homeowners with Pacific Power as their utility.

Download this Home Energy Loan FAQ that answers the questions most commonly asked.

Our Team

“When I translated for my parents at a young age I realized the importance that accessibility and inclusivity have in my community. I'm proud to say that at Craft3 I'm able to help Spanish-speaking customers access our Home Energy loans."

Martha Pulido
Consumer Lending Lead, Bilingual