- 2011 Rebates Update: Heating & Cooling
Here’s the the latest information on tax credits for residential heating and cooling equipment.
READ MORE > - 2011 Rebates Update: Solar
Here is the latest information on tax credits for residential solar water heating and photovoltaic systems.
READ MORE > - 2011 Rebates Update: Wind & Geothermal Systems
Here is the latest information on tax credits for residential wind and geothermal systems.
READ MORE >
Bill offers home insulation retrofits
Posted on 05. Aug, 2009 by GMS Editor in Featured, Newsflash, ShowOnLatestPanel
By David Steves
Monday, Aug 3, 2009
SALEM — How would you like to be able to add insulation that keeps your house cooler in the summer and warmer in the winter — and then pay for it with the money you could end up saving on your utility bill over the next 20 years?
It may sound too good to be true, but it’s just what new state legislation promises to deliver.
An Energy Efficiency and Sustainable Technology law will provide $15 million in loans in the next 2 years
The new Energy Efficiency and Sustainable Technology bill, signed into law in Eugene by Gov. Ted Kulongoski, will provide $15 million in loans over the next two years to Oregon homeowners. Unlike conventional home improvement loans, the money can be repaid with utility bills.
The bill’s authors, including Rep. Chris Edwards, D-Eugene, say they fully expect that the reduced energy usage — and lower utility bills — will provide consumers with enough savings to pay back the loans.
Edwards was part of a bipartisan group of House members who came up with the bill and worked it through the 2009 session. It is now awaiting Oregon Department of Energy rule-making so it can be tested in a few areas.
Under the EEAST program, applicants can get loans up to $40,000, although architect and state Rep. Jules Bailey, D-Portland, said most loans will most likely be for $7,000 or less.
With interest rates of 1 percent or 2 percent, the principal and interest would add $20 to $30 to most monthly utility bills over 15 to 30 years, he said.
