Last DSIRE Review: 07/16/2009
Program Overview:
| State: |
Oklahoma |
| Incentive Type: |
State Loan Program |
| Eligible Efficiency Technologies: |
Equipment Insulation, Water Heaters, Lighting, Lighting Controls/Sensors, Chillers , Furnaces , Boilers, Heat pumps, Air conditioners, CHP/Cogeneration, Heat recovery, Programmable Thermostats, Energy Mgmt. Systems/Building Controls, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors, Roofs |
| Eligible Renewable/Other Technologies: |
Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Biomass, Other Unspecified |
| Applicable Sectors: |
Local Government |
| Amount: | Varies by project, averages $60,000 per applicant | | Maximum Incentive: | $150,000 | | Terms: | 3% interest rate for up to six years | | Funding Source: | Oil overcharge restitution funds | | Program Budget: | $1 million |
| Web Site: |
http://www.okcommerce.gov/index.php?option=com_content&task=view&...
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Summary:
The Oklahoma Department of Commerce offers a revolving loan fund for local governments to make energy efficient improvements to government buildings. All eligible projects should increase energy efficiency, reduce energy consumption, project a positive return on investment and be paid back within six years of the loan award. Funds from this program can be used to pay for a technical assistance report/audit, energy conservation measures and operation and maintenance procedures that would contribute to overall reduced energy consumption.
Generally, the loans will not be more than $150,000, and the average loan amount is around $60,000. An eligible local government may have only one active loan open at any time.
More information, including guidelines and an application, are available at the program website above.
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