Idaho Energy Conservation Loan Program

Name

Idaho Energy Conservation Loan Program

Status

Active

Funding Mechanism

Loan fund

Duration

1987- present

Objectives

To install energy conservation measures and promote use of renewable resources

Sponsors

Idaho Energy Division, Idaho Department of Water Resources Energy Division

Eligible Sectors

Eligible Projects/Technologies

Fund Endowment

US$ 5,015,000 - Oil overcharge: Idaho received $8,700,000 from the Exxon settlement and US$ 3,800,000 from the Stripper Well settlement. The original amounts in the loan program were US$ 3,090,000 in Exxon funds and US$ 1,925,000 in Stripper Well funds.

Terms

-Funding Instruments

Loans

-Interest Rates

4 %

-Payback

5 years

-Size

Residential (min. $1,000 and max. $10,000), Commercial (min. $1,000 and max. $100,000); Governmental (No min. and max. $100,000), Agricultural (no min. and max. $100,000), and Schools, Hospital or Health Care Facility (no min. and max. $100,000)

-Collateral

-Share of loan in project cost

Up to 100%

-Loan criteria

Projects must be within state and should utilize existing, reliable technologies. Projects must show an estimated payback period of 10 years or less from energy savings

Comments

Sources

Idaho Department of Water Resources

Contact Information