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The purpose of the Energy Loan Program (also known as SELP) is to promote energy conservation and renewable energy resource development. The program offers competitive fixed interest rate loans for projects that:
  • Save energy
  • Produce energy from renewable resources such as water, wind, geothermal, solar, biomass, waste materials or waste heat
  • Use recycled materials to create products 
  • Use alternative fuels

The Energy Loan Program can loan to individuals, businesses, schools, cities, counties, special districts, state and federal agencies, public corporations, cooperatives, tribes, and non-profits. Projects must be primarily in Oregon.
 
The Energy Loan Program made its first loan in 1981. In 1984, the U.S. Department of Energy awarded the Oregon Department of Energy its Special Award for Energy Innovation for creation of the Energy Loan Program.

Oregon Department of Energy loan applications, forms, and interest rate and fee information are available on the SELP home page

For general information about the SELP program, please send an email to: SELP.EnergyLoan@state.or.us