|
|
|
|
|
|
|
|
Name |
Montana State Buildings Energy Conservation Program |
Status |
|
|
|
|
|
Active |
|
|
|
Funding Mechanism |
Loan fund |
|
|
|
|
|
|
|
|
Duration |
1989 - present |
|
|
|
|
|
|
|
|
Objectives |
To reduce the operating costs in state facilities by identifying and funding cost-effective energy efficiency improvements |
|
|
|
|
|
|
|
|
Sponsors |
Montana Department of Energy Quality (DEQ) |
|
|
|
|
|
|
|
|
Eligible Sectors |
State Agencies |
|
|
|
|
|
|
|
|
Eligible Projects/Technologies |
Replacement of old, inefficient boilers, upgrading lighting, increasing ventilation system efficiency, insulating buildings, and providing more effective temperature controls |
|
|
|
|
|
|
|
|
Fund Endowment |
The state sells general obligation bonds, uses the bonds proceeds to pay energy efficiency improvements, then uses the resulting energy cost savings to pay debt service on bonds. |
|
|
|
|
|
|
|
|
Terms |
|
|
|
-Funding Instruments |
Bonds |
|
-Interest Rates |
Bonds presently have a 4.5% interest rate |
|
-Payback |
10 years – typically DEQ needs 8 years payback to realize energy savings greater than the bond repayment. |
|
-Size |
No limit on the size of project. |
|
-Collateral |
|
|
-Share of loan in project cost |
DEQ completes energy retrofit projects where the energy savings pay for the whole project sometimes with the help of agencies funds or funds from utility conservation programs. DEQ also participates in facility improvement projects where the Long Range Buildings Program funds the cost of new equipment or systems or temperature controls and the State Building Energy Program Funds the incremental cost of going with the energy efficient item. |
|
-Loan criteria |
|
|
|
|
|
|
|
|
Comments |
|
Since the program began, gross savings have totaled nearly US$ 3.9 million, or about the US$ 900,000 per year currently. |
|
|
|
|
|
|
|
|
|
Sources |
Montana Department of Environmental Quality |
|
|
|
|
|
Contact Information |
|
|
|
|
|
|
