The City of Salem, in partnership with West Coast Bank, launched a new pilot loan program for Salem-area Portland General Electric and Salem Electric commercial customers. Through the new program funded by the City’s Energy Efficiency and Conservation Block Grant, commercial business owners and tenants are eligible to receive incentives of up to 50 percent for lighting improvements and access to a low-interest loan for the remaining costs. Eligible lighting improvements include adding compact fluorescent lamps, electronic ballasts, and lighting controls (occupancy sensors and dimmers), and typically result in a payback period of between 3-4 years.
Program information and an application can be obtained from Salem Electric, West Coast Bank, or the City’s Urban Development Department. For more information, please contact Annie Gorski at 503-588-6178, email firstname.lastname@example.org, or visit www.cityofsalem.net/sustainability and click on “Community Energy Strategy”. Applicants need to meet West Coast Bank’s underwriting requirements and those required by the utilities. An inspection will be required prior to project start and after project completion to ensure the work was done properly and will produce the desired energy savings.