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Energy Saving Loans

Energy Savings Loans Banner Graphic

Benton REA now offers a 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 3%.

Qualifying Projects

Loan Options

  • Heat Pump Water Heaters
  • High-Performance Storm Windows
  • Duct Insulation
  • Duct Sealing
  • Air Source Heat Pumps
  • Ductless Heat Pumps
  • Insulation
  • Whole House Air Sealing
  • Energy Star Clothes Washers and Dryers
  • Level 1: $999 or less, 3-year maximum term
  • Level 2: $1,000 to $2,499, 5-year maximum term
  • Level 3: $2,500 to $4,999, 5-year maximum term
  • Level 4: $5,000 to $25,000, 10-year maximum term

Loan Requirements

To qualify for an energy savings loan, you must be a Benton REA member in good standing, complete the Energy Savings Loan application and provide any required support documents. A pre-and/or post-inspection by Benton REA staff may be required. Our checklist of loan provisions explains everything you’ll need to apply for and receive the loan.

Completed applications can be dropped off at any Benton REA office or mailed to:

Benton REA
Attn: Energy Savings Loan Program
PO Box 1150
Prosser, WA 99350