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EEAST PILOT ANNOUNCEMENT
LOAN APPLICATIONS
 
The Oregon Department of Energy will initiate the Energy Efficiency and Sustainable Technology loan program through a series of pilot programs in order to better develop the program to statewide capacity.  These solicitations are for the program providers.
Solicitations for pilots are as follows:
 
 

LOCAL GOVERNMENTS
 
Beginning July 1 2010, the department will be accepting loan applications for full faith and credit obligations of qualifying local governments that fund residential and commercial “on-bill” EEAST loan programs.  
 
In lieu of full faith and credit, local governments may submit programs that feature local improvement districts or *Property Assessed Clean Energy (PACE) programs.   
*There have been recent issues that will affect the implementation of a PACE program.  Please refer to the following links for guidance and consideration for program development.
Status Update - Pilot PACE Financing Programs
Pilot applications can provide either a property tax based loan program or an on-bill program, not both.  
 
APPLICATION 
 
Rate schedule
 
EEAST General Underwriting Guidelines
 
 

COMMERCIAL
 
Beginning  July  1, 2010 the department will be accepting applications for EEAST loans for specific commercial properties. 
 
APPLICATION
 
Rate schedule
 
EEAST General Underwriting Guidelines 
 
Application deadline will be October 1, 2010.  Amounts will be allocated only to the extent of amounts available in the Loan Offset Grant Fund.(currently $5 million)
 
 

CONSUMER-OWNED UTILITIES
 
 
INNOVATIVE RFP
 
 
 

GRANT APPLICATIONS
 
Pursuant to HB 2626 Oregon Department of Energy (ODOE) is soliciting requests for grant proposals for the purpose of seeking innovative financing programs to initiate a series of pilots for the EEAST Program.
 
To view the Request For Grant Application (RFGA) Number 10-138, interested applicants will need to register in the Oregon Procurement Information Network (ORPIN) and download the RFGA at: http://orpin.oregon.gov/open.dll/welcome
Please reference: RFGA Number 10-138
 
This law provides Oregon with additional innovative finance tools to help assist investment in energy efficiency and renewable energy projects. Two new loan programs are included in the law. One is the Energy Efficiency and Sustainable Technology program (EEAST) that is targeted to residential and small commercial projects with repayment via the customer’s utility bill.  The other is a local program to be established by a city or county for residential, commercial or industrial energy improvements with repayment through property assessments. 
 
Up to $5 million in loan offset grant fund dollars are available for the pilots.  
These dollars may be awarded in multiple awards.
These pilots will adhere to all elements therein under  ORS 470.700 and Section 44 located here:
http://landru.leg.state.or.us/ors/470.html