Oklahoma
Incentives/Policies for Renewables & Efficiency
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Last DSIRE Review: 07/16/2009
| Incentive Type: |
State Loan Program |
| State: |
Oklahoma |
| 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,
Other Unspecified
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| Eligible Renewable/Other Technologies: |
Passive Solar Space Heat,
Solar Water Heat,
Solar Space Heat,
Photovoltaics,
Wind,
Biomass,
Other Unspecified
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| Applicable Sectors: |
Local Government
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| Amount: | Varies by project, averages $60,000 per applicant |
| Maximum Amount: | $150,000 |
| Terms: | 3% interest rate for up to six years |
| Equipment Requirements: | Research and experimental projects are not eligible |
| Project Review/Certification: | During the loan period, the applicant will submit annual progress reports |
| Funding Source: | Oil overcharge restitution funds |
| Program Budget: | $1 million |
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Web Site: |
http://www.okcommerce.gov/
index.php?option=com_content&task=view&id=339&Itemid=425
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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 guidlines and an application, are available at the program website above.
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Please note: The information on the DSIRE web site provides an overview of incentives and other policies, but it should not be used as the only source of information when making purchasing decisions, investment decisions, tax decisions or other binding agreements. Please refer to the individual contact provided in each record to verify that a specific incentive or other policy is applicable to your specific project.
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