Oklahoma Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 06/03/2013
Program Overview:
| State: |
Oklahoma |
| Incentive Type: |
State Loan Program |
| Eligible Efficiency Technologies: |
Unspecified Technologies |
| Eligible Renewable/Other Technologies: |
Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Photovoltaics, Wind |
| Applicable Sectors: |
Schools, Institutions of Higher Education |
| Amount: | Varies |
| Maximum Incentive: | $300,000 |
| Terms: | 1 to 6 year terms at 3% interest rate |
| Funding Source: | Oil overcharge restitution funds |
| Program Budget: | $1.1 million |
| Web Site: |
http://okcommerce.gov/state-energy-office/funding-opportunities/
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Summary:
The Oklahoma Department of Commerce has established a loan/lease fund for institutes of higher education to improve energy efficiency. Two categories of funding are available for schools to reduce energy consumption: Category I funding will pay for technical and energy audits, the development of Energy Management Plans, and any professional services that contribute to the planning and design of energy reduction systems and measures. Category II funding covers the actual acquisition and installation of energy conservation measures.
All projects must be shown to reduce energy consumption, have a positive return on investment, and be able to be repaid within six years. Loan funds may not be used to pay off an existing loan, but may be used to leverage additional third-party financing of energy efficiency projects. An eligible institute of higher education may only have one active loan at a time.
More information, including guidelines and an application, are available at the program website above. |
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
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