| State: |
Maryland |
| Incentive Type: |
State Loan Program |
| Eligible Efficiency Technologies: |
Lighting, Lighting Controls/Sensors, Chillers , Boilers, Energy Mgmt. Systems/Building Controls, Custom/Others pending approval |
| Eligible Renewable/Other Technologies: |
Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Photovoltaics, Wind, Solar Pool Heating, Daylighting |
| Applicable Sectors: |
State Government |
| Amount: | Varies |
| Terms: | 0% interest; 1% administrative fee |
| Funding Source: | Oil Overcharge Restitution Trust funds, RGGI proceeds |
| Program Budget: | ~$3.8 million (revolving loan fund) |
| Web Site: |
http://energy.maryland.gov/incentives/state-local/stateagencyloan...
|
The State Agency Loan Program (SALP) was established in 1991 using funds from the Energy Overcharge Restitution Fund. Through this revolving loan program, the Maryland Energy Administration provides loans to state agencies for cost-effective energy efficiency improvements in state facilities. The program was capitalized between 1991 and 1996 with approximately $3 million in Oil Overcharge Restitution Trust funds. An additional $800,000 was added to the fund in Fiscal Year 2009 from the proceeds of carbon emission allowance auctions under the Regional Greenhouse Gas Initiative (RGGI).
Approximately $1 million in new loans are awarded each fiscal year. State agencies pay zero interest with a one percent administration fee. Their repayments are made from the agency's fuel and utility budget, based on the avoided energy costs of the project. Repayments replenish the fund so that it can continue to make additional loans each year. As of early 2008, the SALP had loaned state agencies a total of $16.5 million to upgrade lighting, controls, boilers, chillers and other energy efficient equipment. The value of the resulting energy cost savings from these loans was almost $20.2 million.
SALP provides a financing mechanism useful to agencies in meeting the requirements of
Executive Order 01.01.2001.02 "Sustaining Maryland's Future with Clean Power, Green Buildings and Energy Efficiency."
