“I never thought I’d be so happy to see insulation oozing from the
crevices of a house,” said Mayor Sam Adams on Monday, August 24,
admiring Maura and Kevin Cotรฉ’s home near Reed College on SE
54th.

The Cotรฉs were the first couple to take advantage of Adams’
new Clean Energy Works program, which provides loans to
homeowners to weatherize and insulate their homes for energy
efficiency
. The cost of the insulationโ€”in the Cotรฉs’
case, about $5,000โ€”will be paid off over the next 20 years at a
rate of just 7 percent over the term, as a supplement to the home’s
heating bill with NW Natural. If the Cotรฉs sell their home, the
loan cost is passed on to the next buyer.

“The bill is only going up by the amount we’re expecting to save,”
said Kevin, a clean energy enthusiast who helps commercial enterprises
improve their energy efficiency for a living. “We wouldn’t have been
able to afford the insulation without the loan program.”

The program is starting with a pilot of 500 homes, and anyone who
owns a home in Portland can qualify. Maybe you don’t own a fixer-upper
near the liberal arts college, but even if you’re renting you can still
tell your landlord to visit cleanenergyworksportland.org to apply.

Up to 100,000 homes in Multnomah County could benefit from the
program over the long term, says Derek Smith from the city’s Bureau of
Planning and Sustainability. The pilot has been funded with $2.5
million
in federal stimulus money, but Smith says he is hoping to
apply for millions more in stimulus dollars over the coming months, and
that he is optimistic about securing more funding from private
investors.

“We’ll get there,” he says. “We’ve just got to prove to people that
this is a viable investment.”

The program is unique in the nation for having gained the
cooperation of private power and gas companies, not to mention the
enterprise arm of ShoreBank to supply the loans. Poor management fails
good ideas too often in the so-called “city that works,” and I’m
refreshed to see this program hitting the street. Adams was clearly
enjoying being able to give some positive news to the assembled TV
cameras this week, too. He was even game when I suggested he get up on
the roof with the hose, to pump some insulation in.

“But they won’t let me,” he said, after a conversation with the
contractors. “Liability, insurance, blah blah blah. Evidently I just
don’t have what it takes.”

Matt Davis was news editor of the Mercury from 2009 to May 2010.

One reply on “Hall Monitor”

  1. So where does the “free” part come in, exactly? Last time I checked, 7% was awfully high for an interest rate these days. More like “financed insulation.”

    Way to report accurately.

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