Pacific Power partners with nonprofit lender Craft3 to offer financing to its customers for eligible energy-efficiency upgrades. The Craft3 Home Energy Loan has affordable rates and convenient repayment directly on the Pacific Power utility bill. Projects must qualify for Pacific Power Wattsmart incentives to be eligible.

Since the program launched in late 2018, hundreds of Pacific Power customers have already taken advantage of the Craft3 Home Energy Loan. To learn more and get started on your own application, visit the Craft3 website.

Low-income households may be eligible for additional low-cost services. Pacific Power partners with local agencies to provide free weatherization services to income-qualifying homeowners and renters living in mobile homes. Based on the home’s needs, a variety of measures can be installed, including insulation, energy-efficient showerheads, LED light bulbs and more. All of these measures are designed to lower your electric bills while keeping your home comfortable. Learn more:

RATES & TERMS* for Craft3 Home Energy Loans

Homeowners can finance critical repairs in conjunction with rebate-eligible projects from Pacific Power. Low-income households may be eligible for additional low-cost services; learn more here.

Critical repairs could include mold abatement; asbestos removal; leak repairs, including relevant wall and floor replacement; roof repair/replacement; rodent/pest removal and prevention; electrical upgrades including panel replacement; and air quality improvement. For more information about the sorts of projects, you can finance click here.

Household Income
Interest Rate  Terms  Loan Amount Loan Amount Examples
More than
100% AMI**
4.99% (5.29% APR*) Up to 15 years $2,500 – $50,000*** UCC – $200 $10,000 loan at 5.29% APR 180 payments of $80.61 per month
Equal to/Less than
100% AMI**
4.49% (4.789% APR*) $10,000 loan at 4.789% APR 180 payments of $78.16 per month

*APR, Annual Percentage Rate based on example loan criteria.
** The area median income (AMI) is the household income for the median household in a region. AMI is based on HUD Income Limits, See Income Limits | HUD USER and Section 8 Income Limits ( for more information.
*** Maximum loan amount is $25,000 for Loans not secured by a UCC-1A filing.
Loan availability, terms, and conditions current as of 07/11/22 and are subject to change. Examples include financing of loan fees and a $200 recording fee, where applicable. All loan applications are subject to credit, property, and project approval. Maximum loan amount and Loan to Value apply and are subject to equity value and underwriting requirements for all programs. Applicants must be a customer of a listed participating utility. Loans that are secured by a UCC-1A filing will be recorded with the county. Subordination may be available with lender approval, fees may apply. Principal balance and interest are due on sale, transfer, refinance, or maturity. Due to Home Energy Loan funding sources, financed projects may require a cultural resource and historic preservation review. If a designation is made, the property owner will be responsible for costs incurred.

Still, have questions?
[email protected]
888-231-2170 ext 225