A home energy loan without an extra bill

That doesn’t mean you don’t receive a bill to pay at all–maybe we got a little carried away there. You do still have to pay for your energy upgrade, but with on-bill repayment, you make your loan payments through your existing Pacific Power bill. Easy peasy.


The Scoop

You can finance your project on your energy bill which means that you can directly put your energy savings towards paying off the cost of the project. This is made possible through an Energy Trust of Oregon program called On-Bill Repayment. Energy Trust works with a regional nonprofit lender, Craft 3, to offer fixed rates and low monthly payments. Then payback is simple, you just make monthly payments right on your Pacific Power bill.

Currently, you can take advantage of this program if you are a customer of Pacific Power and are making qualified energy upgrades that will reduce your electricity costs.


Let’s talk about the money

There are two tracks for on-bill repayment. Better yet, all of the projects that are eligible for On-Bill Repayment are also eligible for cash incentives from Energy Trust of Oregon.

  1. The first track is standard On-Bill Repayment and is for ducted and ductless heat pumps. On top of this opportunity for financing, be sure to check out the cash incentives for ducted and ductless heat pump incentives on Energy Trust’s website.
  2. The second is coupled with increased incentives for income-qualified homes called Savings Within Reach On-Bill Repayment. Be sure to check out the income guidelines because it includes a larger income range than you might expect (between 60-120 percent of Oregon state median income). Find out more about the increased cash incentives for Savings Within Reach projects for insulation, heat pump water heaters, and ducted and ductless heat pumps.

Getting started

  1. Contact an Energy Trust trade ally contractor trained to provide On-Bill Repayment or Savings Within Reach On-Bill Repayment services. They can help you determine your eligibility for a project and walk you through the process. If you’re doing an On-Bill Savings Within Reach project, your improvements must be installed by an approved Energy Trust trade ally who is trained to provide Savings Within Reach services. Both of our contractor partners below offer both On-Bill Repayment and Savings Within Reach.
  2. Fill out and sign the On-Bill Repayment application provided by your contractor. They will then submit this to Energy Trust for you.
  3. Apply for the Craft 3 loan.
  4. Sign your loan documents and begin your project!

Meet our On-Bill Repayment Partners 

Bend Heating

In business since 1953, Bend Heating & Sheet Metal is the oldest air conditioning and heating company in Central Oregon. People turn to us time and time again and with good reason! We get the job done right no matter what it takes. Your heating and cooling system is one of the biggest home investments you’ll make so we help you choose wisely with our top-quality products.

Randall Marchington, [email protected]541-382-1231


Green Savers

Green Savers Home Performance Contractors

2016 and 2017 ENERGY STAR® Contractor of the Year – GreenSavers is the only contractor in the Pacific Northwest recognized by the US EPA and DOE for professionalism, customer service, and outstanding contributions to energy efficiency. Start with a home energy audit or estimate for insulation, windows, heating and cooling, seismic, or a solar system for your home.