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
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