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Name |
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Oklahoma K-12 School Energy Loan/Lease Program |
Status |
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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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1998 - 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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Schools K-12 |
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Eligible Projects/Technologies |
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Heating, cooling, lighting, etc. |
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Fund Endowment |
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Oil overcharge – US$ 1 million |
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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 |
18 months to 7 years |
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-Size |
Maximum US$ 100,000 |
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-Collateral |
Pledge Energy Savings |
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-Share of loan in project cost |
Up to 100% |
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-Loan criteria |
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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| Contact Information |
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