Salem Electric - Low-Interest Loan Program (Oregon)

From Open Energy Information


Last modified on December 17, 2014.

Financial Incentive Program

Place Oregon

Name Salem Electric - Low-Interest Loan Program
Incentive Type Utility Loan Program
Applicable Sector Commercial, Residential, Nonprofit, Local Government, State Government, Fed. Government
Eligible Technologies Solar Water Heat, Photovoltaics
Active Incentive Yes
Implementing Sector Utility
Energy Category Renewable Energy Incentive Programs

Maximum Incentive 7,500

Terms Rate: 5%
Repayment: up to 60 months
Program Administrator Salem Electric

References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


Salem Electric residential customers participating in the Bright Way Solar or Photovoltaic programs are eligible for a loan with a 5% interest rate from a local bank. Customers must choose between the loan or the rebate programs. Loan amounts are limited to $7,500. The loan term is 12 to 60 months, and there is a minimum payment of $25 each month. Solar water heating systems must meet the requirements of the BPA Bright Way to Heat Water program. Solar photovoltaic (PV) systems must meet equipment requirements established by the Oregon Department of Energy.

Contact Salem Electric for more information on this program.

Incentive Contact

Contact Name Customer Service - Salem Electric
Department Salem Electric
Address 633 7th Street NW
Address 2 PO Box 5588
Place Salem, Oregon
Zip/Postal Code 97304
Phone (503) 362-3601


  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]


  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency" Cite error: Invalid <ref> tag; name "DSIRE" defined multiple times with different content