The Oklahoma Municipal Power Authority (OMPA) offers loans for a variety of measures and equipment through its "Ways I Save Electricity" (WISE) Loan Program. This program encourages residential and commercial customers to utilize energy efficient equipment by providing below market-rate loans for equipment and service purchases. Eligible measures and equipment includes air conditioners, air-source heat pumps, dual fuel heat pumps, geothermal heat pumps, water heaters, a variety of insulation, lighting, fans, building controls, and general weatherization measures.
Unsecured loans are range from $5,000 - $35,000 and are available at a discount of 1% below the current market rate. Secured Loans (Equity Loans) are eligible for a loan of $1,000 - $100,000 at a rate 0.025% below the current market rate.
Read all program requirements on the web site listed above or view the program brochure to ensure eligibility. Contact OMPA for additional information on this program.
|Incentive Type:||Loan Program|
|Eligible Renewable/Other Technologies:||
Unsecured Loan Rate: 1% discount from current market rate
Unsecured Loan Repayment: 3 years
Home Equity Loan Rate: 0.025% discount from current market rate
Home Equity Loan Repayment: 15 years
|Name:||OMPA Energy Services Coordinator|
|Organization:||Oklahoma Municipal Power Authority|
P.O. Box 1960
Edmond OK 73083-1960
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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