Maryland State Agency Loan Program (SALP)

Name

Maryland State Agency Loan Program (SALP)

Status

Active

Funding Mechanism

Loan fund

Duration

1991 - present

Objectives

To provide loans to State agencies for energy efficiency improvements

Sponsors

The Maryland Energy Administration

Eligible Sectors

State Agencies

Eligible Projects/Technologies

Lightening, chiller, envelope, ground heat source, boiler replacement, etc.

Fund Endowment

Energy Overcharge Restitution Fund (EORF)

Terms

-Funding Instruments

Loans

-Interest Rates

State Agencies pay 0%

-Payback

10 years, but prefer less

-Size

Maximum loan to date $600,000

-Collateral

-Share of loan in project cost

-Loan criteria

Yes

Comments

Sources

Contact Information

Maryland Energy Administration