Clean Fuel Loan Program (Utah)

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Summary

Last modified on May 24, 2011.

Financial Incentive Program

Place Utah

Name Clean Fuel Loan Program
Incentive Type State Loan Program
Applicable Sector Commercial, Industrial, Schools, Local Government
Eligible Technologies Renewable Fuel Vehicles
Active Incentive No

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs
















Maximum Incentive 250,000










Program Administrator Utah Department of Natural Resources
Website http://www.energy.utah.gov/altfuels/incentives.htm#loan
Date added to DSIRE 2003-03-13
Last DSIRE Review 2004-06-08



References DSIRE[1]


Summary

Utah's Clean Fuel Loan Program provides low-interest loans to businesses and zero-interest loans to government agencies (including schools) for the purchase of clean fuel vehicles and refueling infrastructure.

Loans are available to cover the cost of purchasing OEM vehicles, converting a vehicle to run on a clean fuel, and the cost of refueling equipment (not including labor costs). Clean fuels include compressed natural gas, propane, methanol, and electricity.

To receive a loan, a Utah Clean Fuel Grant and Loan Program application must be completed, signed, and submitted to the Utah Energy Office. The recipient must agree to the following requirements: - provide collateral and execute a UCC Finance Statement; - provide a credit history; - provide proof of UCC filing; - agree to use the clean fuel a minimum of 70 percent of the vehicle miles traveled; - allow inspections of completed conversions, OEM vehicles purchased and refueling equipment; - notify the Program Manager of anticipated or planned vehicle turnover if this should occur before the repayment period ends or within 3 years of date of grant award; and - notify the Program Manager if the refueling equipment or vehicle becomes inoperable and agree to a remedy.

Loans can be filed on-line, in person, mailed, or faxed. The program Web site above provides directions for filing the application.


Incentive Contact

Contact Name Bernell Loveridge
Department Utah Department of Natural Resources
Division Utah Energy Office
Address 1594 W. North Temple
Address 2 Suite 3610
Place Salt Lake City, Utah
Zip/Postal Code 84114-6480
Phone (801) 538-5413



Website http://www.energy.utah.gov/
     
     

  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"