Energy Fund

November 16, 2006

Summary

The Energy Fund is an endeavor to provide publicly funded entities with the low-cost financing needed to implement energy conservation strategies. Funds are available through the Louisiana Department of Natural Resources, in conjunction with the Louisiana Public Facilities Authority, under a performance-based energy efficient contract. These funds are to be used to lower the interest rates of third party energy conservation loans. A performance-based contract requires the borrower to repay the funding from a part of the energy savings made as a result of the improvements. To apply for funding, a publicly funded institute should complete an application for funds found at the program website. Applications are accepted between January and March of each year. Qualifying applicants will be pooled by the Public Facilities Authority and a bond issue backed by the projects will generate funds from private sources. The Department of Natural Resources provides credit enhancement to buy down the interest rate associated with the bond issue.

Program Overview

Implementing Sector: State
Category: Financial Incentive
State: Louisiana
Incentive Type: Bond Program
Web Site: http://dnr.louisiana.gov/sec/execdiv/techasmt/financial_incentives/energyfund.htm
Administrator: Louisiana Department of Natural Resources
Start Date:
Eligible Renewable/Other Technologies:
  • Custom/Others pending approval
Incentive Amount: Varies by loan amount

Contact

Name: Public Information Officer
Organization: Louisiana Department of Natural Resources
Address: 617 N. 3rd Street
Baton Rouge LA 70804-4156
Phone: (225) 342-1399
Email: techasmt@la.gov

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.