Incentive Options
Franklin PUD residential customers are encouraged to participate in rebate and loan programs.   Loans range from $7,000 for single family units and $10,000 for multi-family units. Rebates range from approximately $25 to $2000.

• 3% loan
• NOTE: Customers must be pre-qualified, complete loan application and obtain    letter of acceptance in order to participate in the Franklin PUD loan program.

Qualifications
The 3% loan program is available to customers located in Franklin PUD service area who qualify under the following guidelines:

• Customer owns the home and the land
• Primary source of heat is electricity
• PUD confirms the conservation measure is an efficiency upgrade

From PUD Credit

• Customer has an active Franklin PUD account
• 12 months payment history with no more than one double billing and no disconnects. Exceptions may be considered on case by case basis at utility's discretion, please ask if you feel that you have a special consideration.

From Credit Report

• No bankruptcies, foreclosures, or repossessions within the last five years
• No unsatisfied liens or judgments, and if any that have been satisfied within the last 5 years, they must be explained
• No unpaid collection activity
• No accounts referred to collection within the last three years
• Credit score meets program guidelines of a Transunion score of 650 or higher

Loan Limitations
The owner may select loan amounts from $400.00 to $7000.00 for a single-family residence and up to $10,000 for a multi-family building. Interest rate will be 3% Annual Percentage Rate (APR).  We require a minimum monthly payment of $35.00.

1. Loan Application | Participation Agreement
   To start the loan application process, read the Information Packet. Then complete the loan application and return it to our office for review. Once we approve the loan application, we will send you a letter of acceptance.
2. Obtain Proposals
   Using the Authorized Contractor List, call and arrange to get proposal(s). We recommend that you get more than one proposal.
3. District Approval and Contractor Notification
   Once you have the loan approved, have chosen a contractor and are ready to proceed, contact our Energy Services Department for an appointment for review of your selected contractor's proposal and to sign the loan agreement. Installation must NOT begin until you have signed an agreement prepared by the district. The district will notify your contractor. The contractor will contact you to schedule the installation.
4. Installation and Inspection
   • The contractor will complete the installation and notify the District that the work has been completed
   • The District or contractor will contact you to schedule an inspection
   • After our inspector has approved the work, you will receive a copy of the approved inspection checklist
   • Remember that the PUD cannot release the loan money until the conservation measure has passed inspection
   • After the conservation measures have passed inspection, a disbursement check (maximum $7000 for a single-family residence) will be made
5. The Owner will Pay Monthly Payment until the Energy Services Loan Agreement is Satisfied
   Loan coupons will be mailed out shortly after disbursement of funds. The payments will be made to Franklin PUD or a servicing company specified in the loan agreement until the loan agreement is satisfied. The term of the loan will not exceed 60 months from the time of the disbursement of funds.
   

Program Fee
A program fee of $90 is assessed for each loan. The Energy Services Department is here to help you. If you have any questions, please call one of the following:

Shelli Vic Hubbard Todd Blackman Darroll Clark Toll-free FAX

(509) 546-5967 (509) 546-5904 (509) 546-5946 (509) 546-5944 (800) 638-7701 (509) 542-5917

Mail:  Franklin PUD PO Box 2407 Pasco, WA 99302-2407