Home > News > Maryland State Agency Loan Program (SALP)
Maryland State Agency Loan Program (SALP)
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Name |
Maryland State Agency Loan Program (SALP) |
Status |
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Active |
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Funding Mechanism |
Loan fund |
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Duration |
1991 - present |
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Objectives |
To provide loans to State agencies for energy efficiency improvements |
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Sponsors |
The Maryland Energy Administration |
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Eligible Sectors |
State Agencies |
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Eligible Projects/Technologies |
Lightening, chiller, envelope, ground heat source, boiler replacement, etc. |
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Fund Endowment |
Energy Overcharge Restitution Fund (EORF) |
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Terms |
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-Funding Instruments |
Loans |
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-Interest Rates |
State Agencies pay 0% |
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-Payback |
10 years, but prefer less |
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-Size |
Maximum loan to date $600,000 |
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-Collateral |
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-Share of loan in project cost |
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-Loan criteria |
Yes |
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Comments |
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Sources |
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Contact Information |
Maryland Energy Administration |
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