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City of Seattle - Community Power Works Loan Program (Washington)
Incentive/Active true  +
Incentive/ApplDsc Commercial  + , Residential  +
Incentive/ContDiv Community Power Works  +
Incentive/ContEmail info@communitypowerworks.org  +
Incentive/ContName Community Power Works Information  +
Incentive/ContPhone (206)449-1170  +
Incentive/ContPlace Seattle, Washington  +
Incentive/ContWebsite http://www.communitypowerworks.org/  +
Incentive/EnergyCat Energy Efficiency Incentive Programs  + , Renewable Energy Incentive Programs  +
Incentive/FundSrc US Dept. of Energy Better Buildings Program  +
Incentive/ImplSector Local  +
Incentive/MaxInc Residential: $50,000<br /> Business: $2,000,000  +
Incentive/Name City of Seattle - Community Power Works Loan Program  +
Incentive/ProgAdmin City of Seattle Office of Sustainability and Environment  +
Incentive/ProgBudget $20 million  +
Incentive/Summary Community Power Works, funded by the U.S. …
Community Power Works, funded by the U.S. Department of Energy's Better Buildings Program, offers loans and rebates for eligible energy efficiency improvements to homes and businesses. In addition, Community Power Works partners with Seattle City Light to offer energy assessments for businesses for free and at a reduced rate of $95 for homeowners. Once a home or business is assessed, customers select energy efficiency improvements and apply for financing. Loan amounts are calculated after factoring in other rebates and incentives. For homes, loans from available from two lending partners. Craft3 loans are available for up to $30,000, with interest rates fixed at 3.39% APR or 4.49% APR, depending on the income level of the homeowner. Loan terms range from 3 to 20 years, and loans are typically repaid on Seattle City Light bills. Loans through Puget Sound Cooperative Credit Union are available up to $50,000, with interest rates fixed between 4.25% and 8.74%. Loan terms up to 15 years are available. Renewable energy projects, such as solar, can be included in Puget Sound Cooperative Credit Union loans. For businesses, loans are available through two lenders. Loans offered through Craft3 carry a 5-year term and interest rate of 4%. Typically, loans of up to $100,000 are available through Craft3. This loan can be repaid on Seattle City Light bills. Loans from $100,000 to $2,000,000 are offered through the Grow Seattle Fund. These loans carry a 10-year term and an interest rate of 2% for the first five years. Afterwards, the loans carry an interest rate of the WSJ Prime plus 1.50%, variable quarterly.
WSJ Prime plus 1.50%, variable quarterly.  +
Incentive/TechDsc Building Insulation + , Duct/Air sealing + , Furnaces + , Heat pumps + , Water Heaters + , Windows + , Unspecified technologies +
Incentive/Terms Residential: Varies, depending on lender<br /> Business: Varies, depending on lender  +
Incentive/Type Local Loan Program +
OpenEI/PageDescription City of Seattle - Community Power Works Loan Program: energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , Washington  + , Local Loan Program  + , City of Seattle Office of Sustainability and Environment  +
Place Washington: Energy Resources +
Website http://www.communitypowerworks.org/  +
Categories Financial Incentive Programs , Incentive with Contacts
Modification date
"Modification date" is a predefined property that corresponds to the date of the last modification of a subject and is provided by Semantic MediaWiki.
18:44:29, 12 February 2015  +
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