The purpose of the Oregon Department of Energy (ODOE)  Energy Loan Program (also known as SELP) is to promote energy conservation and renewable energy resource development.

The Energy Loan Program can loan to individuals, businesses, schools, cities, counties, special districts, state and federal agencies, public corporations, cooperatives, tribes, and non-profits. Projects must be in Oregon

The program offers low-interest loans for projects that:

• Save energy
• Produce energy from renewable resources such as water, wind, geothermal, solar, biomass, waste materials or waste heat
• Use recycled materials to create products 
• Use alternative fuels