|Incentive Type:||State Loan Program|
|Eligible Efficiency Technologies:||Water Heaters, Furnaces, Heat pumps, Duct/Air sealing, Building Insulation, Windows|
|Terms:||5.25 to 5.99% APR (depending on the lender), repaid on heating bill or directly to lender|
|Incentive Amount:||Up to 30,000|
Clean Energy Works began in 2009 as a pilot program run by the City of Portland. In 2010, the US department of Energy awarded $20 million to create a statewide nonprofit to expand the program beyond Portland and serve thousands of homeowners in urban, suburban and rural Oregon. CEWO also has funding from the State of Oregon, local governments, workforce investment boards and national foundations to support its efforts. The goal of Clean Energy Works Oregon is to finance energy efficiency retrofits for approximately 6,000 homes. CEWO is unique because it provides a one-stop program for whole-home energy upgrades in regions throughout Oregon—including Clackamas, Crook, Deschutes, Jackson, Josephine, Jefferson, Hood River, Klamath, Lake, Multnomah and Washington Counties.
Under this program, homeowners can finance up to $30,000 at a fixed interest rate for home energy efficiency retrofits for a variety of measures. In most cases in the Portland metro area, this loan is repaid on heating or utility bills. Customers have varying lender and loan options depending on where they live. To participate in this program, homeowners must submit an application and be approved to participate, have an energy assessment performed to prioritize energy efficiency improvements, and then decide on the energy efficiency improvements and a financing option. The on-bill financing mechanism was originally authorized by Oregon’s Energy Efficiency and Sustainable Technology Act of 2009 (HB 2626).