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.
| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | Oklahoma |
| Incentive Type: | Loan Program |
| Web Site: | http://ompa.com/programs/wise-rebate-loan/ |
| Administrator: | |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
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| Loan Term: |
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 |
| Address: |
P.O. Box 1960 Edmond OK 73083-1960 |
| Phone: | (800) 256-5047 |
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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