Revolving Loan Fund for Energy Efficiency Projects in School Districts and Political Subdivisions (Utah)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Utah

Name Revolving Loan Fund for Energy Efficiency Projects in School Districts and Political Subdivisions
Incentive Type State Loan Program
Applicable Sector Local Government, Schools
Eligible Technologies Boilers, Building Insulation, Caulking/Weather-stripping, Central Air conditioners, Chillers, Custom/Others pending approval, Doors, Furnaces, Heat pumps, Lighting, Windows
Active Incentive Yes

Implementing Sector State/Territory
Energy Category Energy Efficiency Incentive Programs
Amount Minimum loan amount of $5,000







Start Date 2007-08-31







Maximum Incentive $250,000 per project; no district can have more than $500,000 in outstanding loans









Terms 2 - 12 years
Program Administrator State Energy Program
Website http://geology.utah.gov/sep/energy_efficiency/efficient_schools.htm
Date added to DSIRE 2007-08-28
Last DSIRE Review 2013-02-18



References DSIRE[1]


Summary

HB 351, signed in 2007, created a $5 million revolving loan fund to provide zero-interest loans for energy efficiency projects in K-12 schools and school districts in Utah. HB 318 of 2010 amended the loan program to make political subdivisions, including counties, cities, and towns eligible for loans through the program.

Loans are provided for the retrofit of existing buildings as well as energy efficiency upgrades to new buildings. However, loans can not be used for new buildings to meet the Utah energy code. Loans for new construction can only be used for measures which surpass the prescriptive requirements of the Utah energy code and result in a completed building which exceeds the performance standards of the energy code for its building type by 10%. Loans can be between $5,000 and $250,000 per project. Districts may apply for and receive multiple loans provided their total indebtedness to the fund does not exceed $500,000.

In addition to loans, technical assistance will also be provided to help public agencies and school districts conduct energy audits, design and implement energy efficiency projects, and maximize energy savings.


Incentive Contact

Contact Name Program Administrator
Department Office of Energy Development

Address PO Box 144845

Place Salt Lake City, Utah
Zip/Postal Code 84114-4845
Phone (801) 538-8732




     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: Utah Code § 11-45-101, et seq.

Date Enacted 3/16/2007, subsequently amended


Authority 2: Utah Admin Code R362-3
Date Effective 2007-08-31


















  • 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)"