Energy Fund (Louisiana)

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Summary

Last modified on May 24, 2011.

Financial Incentive Program

Place Louisiana

Name Energy Fund
Incentive Type State Bond Program
Applicable Sector Schools, Local Government, State Government
Eligible Technologies Custom/Others pending approval
Active Incentive No

Implementing Sector State/Territory
Energy Category Energy Efficiency Incentive Programs
Amount Varies by loan amount


























Program Administrator Louisiana Department of Natural Resources
Website http://dnr.louisiana.gov/sec/execdiv/techasmt/financial_incentives/energyfund.htm
Date added to DSIRE 2005-07-08
Last DSIRE Review 2006-11-16



References DSIRE[1]


Summary

The Energy Fund is an endeavor to provide publicly funded entities with the low-cost financing needed to implement energy conservation strategies. Funds are available through the Louisiana Department of Natural Resources, in conjunction with the Louisiana Public Facilities Authority, under a performance-based energy efficient contract. These funds are to be used to lower the interest rates of third party energy conservation loans. A performance-based contract requires the borrower to repay the funding from a part of the energy savings made as a result of the improvements.

To apply for funding, a publicly funded institute should complete an application for funds found at the program website. Applications are accepted between January and March of each year. Qualifying applicants will be pooled by the Public Facilities Authority and a bond issue backed by the projects will generate funds from private sources. The Department of Natural Resources provides credit enhancement to buy down the interest rate associated with the bond issue.


Incentive Contact

Contact Name Public Information Officer
Department Louisiana Department of Natural Resources
Division Energy Section, Technology Assessment Division
Address 617 N. 3rd Street
Address 2 P.O. Box 44156
Place Baton Rouge, Louisiana
Zip/Postal Code 70804-4156
Phone (225) 342-1399


Email techasmt@la.gov
Website http://dnr.louisiana.gov/sec/execdiv/techasmt/
     
     

  • 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)"