The Oklahoma Department of Commerce has established a loan/lease fund for public and non-profit K-12 schools 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 6 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 school district may only have one active loan at a time.
|Incentive Type:||Loan Program|
|Administrator:||Oklahoma Department of Commerce|
|Eligible Renewable/Other Technologies:||
|Maximum Loan:||$200,000 per eligible school district|
|Loan Term:||3% interest rate, for up to six years|
|Technologies:||Solar - Passive, Solar Water Heat, Solar Space Heat, Solar Photovoltaics, Wind (All), Biomass, Yes; specific technologies not identified|
|Parameters:||The incentive is 3.00 %, The incentive has a minimum of $200000.00|
900 N. Stiles
Oklahoma City OK 73104
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.
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