Home > News > Oklahoma K-12 School Energy Loan/Lease Program
Oklahoma K-12 School Energy Loan/Lease Program
|
|
|
|
|
|
| |
Name |
|
Oklahoma K-12 School Energy Loan/Lease Program |
Status |
|
| |
|
|
|
Active |
|
| |
Funding Mechanism |
|
Loan fund |
|
| |
|
|
|
|
| |
Duration |
|
1998 - present |
|
| |
|
|
|
|
| |
Objectives |
|
To provide funding for energy efficiency improvements |
|
| |
|
|
|
|
| |
Sponsors |
|
Oklahoma Department of Commerce |
|
| |
|
|
|
|
| |
Eligible Sectors |
|
Schools K-12 |
|
| |
|
|
|
|
| |
Eligible Projects/Technologies |
|
Heating, cooling, lighting, etc. |
|
| |
|
|
|
|
| |
Fund Endowment |
|
Oil overcharge – US$ 1 million |
|
| |
|
|
|
|
| |
Terms |
|
|
|
|
-Funding Instruments |
Loans |
|
-Interest Rates |
2.5-3.5% - interest rate is higher if an energy audit is included in the loan |
|
-Payback |
18 months to 7 years |
|
-Size |
Maximum US$ 100,000 |
|
-Collateral |
Pledge Energy Savings |
|
-Share of loan in project cost |
Up to 100% |
|
-Loan criteria |
Energy saving improvements |
| |
|
|
|
|
| |
Comments |
|
|
|
| |
|
|
|
|
| |
Sources |
|
Oklahoma Department of Commerce |
|
| |
|
| Contact Information |
|
| |
|
|
|
