Revolving Loan Fund for Energy Efficiency Projects in School Districts and Political Subdivisions (Utah)
Last modified on February 12, 2015.
Financial Incentive Program
|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|
|Energy Category||Energy Efficiency Incentive Programs|
|Amount||Minimum loan amount of $5,000|
|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|
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.
|Contact Name||Program Administrator|
|Department||Office of Energy Development|
|Address||PO Box 144845|
|Place||Salt Lake City, Utah|
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|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.