| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Idaho |
| Incentive Type: | Loan Program |
| Web Site: | http://www.energy.idaho.gov/financialassistance/energyloans.htm |
| Administrator: | Office of Energy Resources |
| Eligible Renewable/Other Technologies: | Solar Water Heat, Solar Space Heat, Geothermal Electric, Solar Photovoltaics, Wind (All), Biomass, Hydroelectric, Geothermal Heat Pumps, Combined Heat & Power, Wind (Small), Hydroelectric (Small), Geothermal Direct-Use |
| Eligible Efficiency Technologies: | Water Heaters, Lighting, Furnaces, Heat pumps, Air conditioners, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Motor VFDs, Agricultural Equipment, Comprehensive Measures/Whole Building, Custom/Others pending approval, Other EE |
The Idaho Governor's Office of Energy Resources (OER) State Energy Loan Program offers low-interest loans to make building improvements that will conserve energy and increase energy efficiency projects in Idaho. Qualified projects include insulation, lighting upgrades, windows, weatherization, HVAC, appliances, and renewable energy. See qualifying addendums on the State Energy Loan Program website for project and equipment requirements.
Loans are leveraged by utility incentives as well as federal and state tax credits and deductions. Loans are 4% interest with 5 year terms. Applications are evaluated on the basis of credit; all loans must be secured with real estate and/or equipment. As of February 1, 2011, loan applicants will be charged credit analysis fees incurred by the Idaho Governor's Office of Energy Resources. Fees for residential loans are $100 and fees for commercial loans are $250. The fee is due after the project analysis is completed and before the credit analysis is initiated. Loans are available for retrofit only, with the exception of some renewable resources.
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A solar PV system is custom-designed for your home. Final solar system price may vary based on your location, monthly utility bill, government incentives and rebates, the condition of your home, and local installation prices. Solar PV system output and estimated savings are calculated based on several factors including product type, system production, geography, weather, shade, electricity use, full utilization of the 30% solar investment tax credit, and utility rate structures and rate increases. Savings on your total electricity costs are not guaranteed. Financing options and terms vary by location, and may not be available in all areas. Solar QC is neither the lender nor the project installer. Solar QC License# 1130591
