Clark Public Utilities - Solar Energy Equipment Loan

Program Clark Public Utilities - Solar Energy Equipment Loan
Category Financial Incentive
Implementing sector Utility
Last Update
State Washington
Administrator Clark PUD
Website https://www.clarkpublicutilities.com/residential-customers/reduce-energy-waste-…
Technologies Solar Water Heat, Solar Photovoltaics, Solar Pool Heating
Sectors Residential

Clark Public Utilities offers financing available to its customers for the purchase and installation of residential solar equipment. Loans up to $10,000 are available for solar pool heaters and solar water heaters and up to $30,000 for photovoltaic systems.

Solar water heater loans, solar pool heater loans and solar PV loans under $10,000 have repayment terms of up to 5 years, but a minimum monthly payment of $25 is required. Solar PV loans over $10,000 have a maximum term of 7 years. All loans carry an interest rate of 3.5%. Solar pool and water heater loans are only applicable to customers currently using electricity to heat water. Loans of less than $5,000 have a loan processing fee of $230, and loans of $5,000 or more have a loan processing fee of $385. Loans are not transferable.

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