Friday, September 21, 2012
Low-interest loan opportunity available for CEC participants
Loans for qualifying energy efficiency projects are offered at discounted interest rates by Banner Bank thanks to an interest rate buy down. This opportunity is available exclusively to households that have had an energy assessment from the CEC.
The goal is to lend participants the amount required to cover the cost of projects, and for which the cash savings achieved through efficiency improvements is sufficient to cover the loan payments. To date, loans have been utilized by CEC participants for 124 projects for everything from new furnaces to windows to solar arrays.
“At Banner Bank, our vision is to be the best provider of financial services in the northwest. We’re honored to be a part of innovative solutions that contribute to both our natural resource preservation and improvements of our built environment. When people work together extraordinary things can happen,” said Cheryl Fischer, North Sound Retail Division Manager of Banner Bank.