Home > News > Oklahoma Community Energy Education Municipal Program
Oklahoma Community Energy Education Municipal Program
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Name |
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Oklahoma Community Energy Education Municipal Program |
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Active |
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Funding Mechanism |
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Loan fund |
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Duration |
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1995 - present |
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Objectives |
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To provide funding for energy efficiency improvements |
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Sponsors |
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Oklahoma Department of Commerce |
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Eligible Sectors |
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Counties, cities, and towns in Oklahoma |
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Eligible Projects/Technologies |
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Building, facilities, lighting, street lighting, heat, windows |
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Fund Endowment |
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US$ 1million – mixed sources, oil overcharge, state |
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Terms |
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-Funding Instruments |
Loans |
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-Interest Rates |
2.5-3.5% - interest rate is higher if an energy audit is included in the loan |
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-Payback |
Based upon projected energy savings |
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-Size |
No set limit, but try to limit the loan size to US$ 150,000 |
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-Collateral |
Pledge of savings |
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-Share of loan in project cost |
Up to 100 % |
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-Loan criteria |
Projected savings from energy saving improvements |
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Comments |
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Sources |
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Oklahoma Department of Commerce |
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