Arizona Energy Conservation Savings Reinvestment Plan: City of Phoenix

 Name

Arizona Energy Conservation Savings Reinvestment Plan: City of Phoenix

Status

Active

Funding Mechanism

Loan Fund  

Duration

1984- present

Objectives

To provide a secure and long-term funding base that would enable the Energy Management Program to implement more energy efficiency initiatives

Sponsors

City Government, Public Works Department's Energy Management Section

Eligible Sectors

Municipal Departments

Eligible Projects/Technologies

Upgrading lighting, motors, chillers, small scale cogeneration, solar, air volume, and waste water systems

Fund Endowment

Oil Overcharge

Terms

-Funding Instruments

-Interest Rates

-Payback

-Size

-Collateral

-Share of loan in project cost

-Loan criteria

Comments

The plan requires that each year 50% of documented cumulative energy savings be reinvested in further efficiency improvements. A per annum reinvestment limit of $750,000 was identified, with all savings beyond to be used by the city as general revenue.

Sources

City of Phoenix

Contact Information