Energy Saving Loans
Benton REA offers low-interest loan option to residential members interested in purchasing and/or installing new, energy-saving home upgrades. Payments are simply added to your monthly electric bill. The current interest rate is 5%.
Qualifying Projects
All energy-saving home improvements that qualify for a Benton REA rebate, also qualify for a loan. These are some examples:
Loan Options
Based on the amount you need, choose your loan level and download the matching form below.
- Air Source Heat Pumps
- Ductless Heat Pumps
- Hybrid Electric Water Heaters
- High-Performance Storm Windows
- Duct Insulation
- Duct Sealing
- Insulation
- Whole House Air Sealing
- Energy Star Clothes Washers and Dryers
- Level 1: $1,000 or less, Three-year maximum term
- Level 2: $1,001 to $2,000, Five-year maximum term
- Level 3: $2,001 to $5,000, Five-year maximum term
- Level 4: $5,001 to $25,000, 10-year maximum term
Loan Requirements
- Be a Benton REA member that owns the residence that receives electrical service from Benton REA
- Be current on all Benton REA accounts and have no more than one delinquent notice per account in the last year (this is on a case by case)
- Allow Benton REA to perform pre-inspection and post-inspection to verify the installation
- The work and equipment to be funded by this loan must be installed at the residence referenced on the loan application
- For a Level 4 loan, member agrees to allow Benton REA to record the loan as a lien on the dwelling
Completed applications:
- Email to energyefficiency@BentonREA.org
- Drop off at any Benton REA office
- Mail to:
Benton REA
Attn: Energy Savings Loan Program
PO Box 1150
Prosser, WA 99350