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Home > News > Idaho Energy Conservation Loan Program
Idaho Energy Conservation Loan Program
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Name |
Idaho Energy Conservation Loan Program |
Status |
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Active |
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Funding Mechanism |
Loan fund |
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Duration |
1987- present |
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Objectives |
To install energy conservation measures and promote use of renewable resources |
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Sponsors |
Idaho Energy Division, Idaho Department of Water Resources Energy Division |
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Eligible Sectors |
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Eligible Projects/Technologies |
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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. |
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Terms |
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-Funding Instruments |
Loans |
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-Interest Rates |
4 % |
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-Payback |
5 years |
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-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) |
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-Collateral |
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-Share of loan in project cost |
Up to 100% |
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-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 |
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Comments |
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Sources |
Idaho Department of Water Resources |
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Contact Information |
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