Salem Electric - Low-Interest Loan Program

June 23, 2015


Salem Electric residential customers participating in the Bright Way Solar or Photovoltaic programs are eligible for a loan with a 5% interest rate from a local bank. Customers must choose between the loan or the rebate programs. Loan amounts are limited to $7,500. The loan term is 12 to 60 months, and there is a minimum payment of $25 each month. Solar water heating systems must meet the requirements of the BPA Bright Way to Heat Water program. Solar photovoltaic (PV) systems must meet equipment requirements established by the Oregon Department of Energy.

Contact Salem Electric for more information on this program.

Program Overview

Implementing Sector: Utility
Category: Financial Incentive
State: Oregon
Incentive Type: Loan Program
Web Site:
Administrator: Salem Electric
Start Date:
Eligible Renewable/Other Technologies:
  • Solar Water Heat
  • Solar Photovoltaics
Maximum Loan: $7,500
Loan Term: Rate: 5%
Repayment: up to 60 months


Name: Customer Service - Salem Electric
Organization: Salem Electric
Address: 633 7th Street NW
Salem OR 97304
Phone: (503) 362-3601

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.