GoGreen On-Bill Financing

Low Interest Loans for Solar & Energy Efficiency

FSWB Bird Icon GoGreen


What is GoGreen On-Bill Financing?

A streamlined and affordable approach for home and business energy efficiency upgrades, now also including solar and battery charger opportunities.

GoGreen On-Bill Financing is a program that provides loans to La Plata Electric Association (LPEA) members for installing solar and/or energy efficient enhancements at their home or business with no upfront costs and at low interest rates. Loan payments are then repaid through your monthly electric bill. On-Bill Financing was created to promote equity, affordability, and accessibility to solar and energy efficiency by providing immediate financial and quality-of-life benefits to families and businesses.


GoGreen On-Bill Financing helps you afford energy upgrades with no added costs, since energy savings from improvements and additions are often greater than the cost to finance them — including lower monthly electricity usage and long-term savings.

How does it work?

  1. Identify Energy Needs: GoGreen On-Bill Financing relies on you, an LPEA member, to identify the energy measures that need to be financed. No energy audit is required, though LPEA does offer free walk-through assessments.
  2. Apply Online: Apply for the On-Bill Financing program at https://www.fswb.bank/special-pages/online-loan-portal/
  3. Application Review: LPEA grades the application based on the customer's utility bill payment history for the last two years. The loan application is then passed onto First Southwest Bank for final approval.
  4. Project Review: When the application is approved, LPEA projects the potential energy savings by reviewing the planned efficiency measures to be installed, past energy usage, and the size of the home or business.
  5. Project Installation: You then use the loan to pay for labor and materials.
  6. Monthly Repayment Begins: Your first monthly, loan repayment will appear on your next scheduled utility bill.

What energy projects are eligible for financing?

GoGreen On-Bill Financing covers labor and materials for projects such as:

  • Caulking/weather-stripping and insulation
  • LED lighting
  • Storm or thermal windows and doors
  • Insulating window coverings
  • Water heaters, heat pump systems or other heating or cooling systems that reduce energy consumption
  • Energy Star rated appliances
  • Solar installs, panels, chargers and expenditures (new!)
  • Solar for vehicle battery chargers (new!)
  • Battery energy storage systems (new!)
  • Installation labor

How much can I apply for?

LPEA members can apply for loans up to $7,500 for non-solar residential installs and $20,000 for solar residential installs. For larger business loans, please inquire. Restrictions may apply.

Rates as low as 3.95% APR. Please reach out or apply online for specific loan terms.

Can I hire a handyman or contractor to do the work under this program? And am I able to pick the contractor / solar provider for this work? Yes. The financing includes purchase of the materials (such as caulking/weather stripping or LED flood lights) and will cover the cost of the labor to do the installation for you.

How do I apply for On-Bill Financing?

Apply at FSWB’s loan application portal: https://www.fswb.bank/special-pages/online-loan-portal/


Reach out to FSWB CEO Kent Curtis, kent.curtis@fswb.com.

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