| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Washington |
| Incentive Type: | Loan Program |
| Web Site: | http://www.wshfc.org/energy/index.htm |
| Funding Source: | Sustainable Energy Trust |
| Eligible Renewable/Other Technologies: | Solar Water Heat, Geothermal Electric, Solar Photovoltaics, Geothermal Heat Pumps, Combined Heat & Power, Wind (Small), Other Distributed Generation Technologies |
| Eligible Efficiency Technologies: | Comprehensive Measures/Whole Building, Custom/Others pending approval |
The Washington State Housing Finance Commission (WSHFC) has established a Sustainable Energy Program to offer low-cost financing for new green construction, energy efficiency upgrades, and renewable energy projects. WSHFC offers low-interest financing for projects up to $1 million out of its Sustainable Energy Trust (SET), with a preferred minimum loan of $50,000. The SET funds are intended as a source of capital for organizations or projects that would not typically qualify for other sources of capital, and are not available to individuals.
Energy efficiency projects funded by the SET must achieve a minimum of 10% efficiency gains over existing conditions or the required energy code for new construction. Interest rates vary based upon the level of expected efficiency achieved by the project, and typically range between 2-4%. Efficiency projects must either complete an energy audit or provide post-installation performance reporting. Renewable energy projects are evaluated on a case-by-case basis.
Projects are encouraged to combine utility rebates, grants, and other sources of funding with SET-funded loans. For projects costing over $1 million, WSHFC may be able to assist project developers in identifying additional financing options.
For specific offerings, rates, and project qualifications, contact the Sustainable Energy Program.
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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
