Oklahoma Municipal Power Authority - WISE Energy Efficiency Loan Program (Oklahoma)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Oklahoma

Name Oklahoma Municipal Power Authority - WISE Energy Efficiency Loan Program
Incentive Type Utility Loan Program
Applicable Sector Commercial, Residential
Eligible Technologies Building Insulation, Caulking/Weather-stripping, Ceiling Fan, Central Air conditioners, Doors, Duct/Air sealing, Equipment Insulation, Heat pumps, Lighting, Programmable Thermostats, Roofs, Water Heaters, Windows, Geothermal Heat Pumps, Dual Fuel Heat Pumps, Attic Fans
Active Incentive Yes

Implementing Sector Utility
Energy Category Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs
Amount Unsecured Loan: $5,000 - $35,000

Home Equity Loan: $1,000 - $100,000











Funding Source American Recovery and Reinvestment Act of 2009














Terms Unsecured Loan Rate: 1% discount from current market rate

Unsecured Loan Repayment: 3 years

Home Equity Loan Rate: 0.025% discount from current market rate
Home Equity Loan Repayment: 15 years


Website http://ompa.com/programs/wise-rebate-loan/
Date added to DSIRE 2011-01-03
Last DSIRE Review 2012-07-26



References DSIRE[1]


Summary

The Oklahoma Municipal Power Authority (OMPA) offers loans for a variety of measures and equipment through its WISE Loan Program. This program encourages residential and commercial customers to utilize energy efficient equipment by providing below market-rate loans for equipment and service purchases. Eligible measures and equipment includes air conditioners, air-source heat pumps, dual fuel heat pumps, geothermal heat pumps, water heaters, a variety of insulation, lighting, fans, building controls, and general weatherization measures. Unsecured loans are capped at $35,000 and are available at a discount of 1% below the current market rate. Secured Loans (Equity Loans) are eligible for a loan of up to $100,000 at a rate 0.025% below the current market rate. Read all program requirements on the web site listed above or view the program brochure to ensure eligibility. Contact OMPA for additional information on this program.


Incentive Contact

Contact Name OMPA Rebates
Department Oklahoma Municipal Power Authority

Address P.O. Box 1960
Address 2 2701 W. I-35 Frontage Road
Place Edmond, Oklahoma
Zip/Postal Code 73083-1960
Phone (405) 340-5047



Website http://www.ompa.com
     
     


















  • 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)"