Energy Fund (Louisiana)
Last modified on May 24, 2011.
Financial Incentive Program
|Incentive Type||State Bond Program|
|Applicable Sector||Schools, Local Government, State Government|
|Eligible Technologies||Custom/Others pending approval|
|Energy Category||Energy Efficiency Incentive Programs|
|Amount||Varies by loan amount|
|Program Administrator||Louisiana Department of Natural Resources|
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.
|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|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.