Energy Loan Fund for Schools (Oklahoma)

From Open Energy Information

Summary

Last modified on December 17, 2014.

Financial Incentive Program

Place Oklahoma


Name Energy Loan Fund for Schools
Incentive Type State Loan Program
Applicable Sector Schools
Eligible Technologies Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Biomass, Yes; specific technologies not identified
Active Incentive Yes
Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs
Amount 100% of costs






Funding Source Oil overcharge restitution funds



Maximum Incentive 200,000 per eligible school district



Program Budget $1,000,000



Terms 3% interest rate, for up to six years
Program Administrator Oklahoma Department of Commerce
Website http://okcommerce.gov/state-energy-office/funding-opportunities/


References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


Summary

The Oklahoma Department of Commerce has established a loan/lease fund for public and non-profit K-12 schools to improve energy efficiency.


Two categories of funding are available for schools to reduce energy consumption. Category I funding will pay for technical and energy audits, the development of Energy Management Plans, and any professional services that contribute to the planning and design of energy reduction systems and measures. Category II funding covers the actual acquisition and installation of energy conservation measures.

All projects must be shown to reduce energy consumption, have a positive return on investment, and be able to be repaid within 6 years. Loan funds may not be used to pay off an existing loan but may be used to leverage additional third-party financing of energy efficiency projects. An eligible school district may only have one active loan at a time.

<metadesc> Energy Loan Fund for Schools: energy incentive program. </metadesc>

Incentive Contact

Contact Name Kylah McNabb
Department Oklahoma Department of Commerce
Division State Energy Office
Address 900 N. Stiles
Place Oklahoma City, Oklahoma
Zip/Postal Code 73104
Phone (405) 815-5249


Email Kylah_McNabb@okcommerce.gov




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

References

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