Oklahoma Municipal Power Authority - WISE Energy Efficiency Loan Program (Oklahoma)
Last modified on February 12, 2015.
Financial Incentive Program
|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|
|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
|Date added to DSIRE||2011-01-03|
|Last DSIRE Review||2012-07-26|
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.
|Contact Name||OMPA Rebates|
|Department||Oklahoma Municipal Power Authority|
|Address||P.O. Box 1960|
|Address 2||2701 W. I-35 Frontage Road|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.