McMinnville Water & Light - Conservation Service Loan Program

McMinnville Water & Light's Home Energy Loans let you finance approved energy improvements like heat pumps, insulation, windows, and lighting upgrades with loans from $1,000 to $15,000 spread over 12 to 60 months, with payments included on your utility bill and a fixed interest rate based on LGIP rates plus 2.5% annually. To qualify, you'll need acceptable utility payment history, and a $50 service charge applies to residential loans. Contact the Conservation Assistant at (503) 435-3115 to confirm which measures are eligible for financing.

This program provides your customers access to affordable financing for pre-approved conservation measures including lighting, heat pumps, insulation, windows, and HVAC equipment, with loan amounts from $1,000 to $15,000 and flexible terms up to 60 months. Loans are available to both residential and commercial customers; commercial loans carry a $100 service charge while residential loans have a $50 charge. Qualification depends on the customer's utility payment history, and you should direct customers to McMinnville Water & Light's Conservation Assistant to confirm measure eligibility before quoting.

The program finances approved conservation measures with loan amounts of $1,000–$15,000 across 12-, 24-, 36-, 48-, or 60-month terms at LGIP rates plus 2.5% annually, with the interest rate fixed at loan origination. Loans over $7,500 require a Deed of Trust security. Funding is self-financed through utility revenues; qualification is based on utility payment performance. The program targets both residential and commercial customers; applications incur a $50 service charge (residential) or $100 (commercial), which can be financed. Approved measures include lighting, heat pumps, insulation, windows, duct sealing, and HVAC controls.