| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Oklahoma |
| Incentive Type: | Loan Program |
| Web Site: | http://okcommerce.gov/state-energy-office/revolving-loan-programs/ |
| Administrator: | Oklahoma Department of Commerce |
| Funding Source: | Oil overcharge restitution funds |
| Eligible Renewable/Other Technologies: | Solar - Passive, Solar Water Heat, Solar Space Heat, Solar Photovoltaics, Wind (All) |
| Eligible Efficiency Technologies: | Yes; specific technologies not identified |
The Oklahoma Department of Commerce has established a loan/lease fund for institutes of higher education to improve energy efficiency. Two categories of funding are available for schools to reduce energy consumption. Category I funding will pay for technical and energy audits, the development of Energy Management Plans, and any professional services that contribute to the planning and design of energy reduction systems and measures. Category II funding covers the actual acquisition and installation of energy conservation measures.
All projects must be shown to reduce energy consumption, have a positive return on investment, and be able to be repaid within 6 years. Loan funds may not be used to pay off an existing loan, but may be used to leverage additional third-party financing of energy efficiency projects. An eligible institute of higher education may only have one active loan at a time.
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A solar PV system is custom-designed for your home. Final solar system price may vary based on your location, monthly utility bill, government incentives and rebates, the condition of your home, and local installation prices. Solar PV system output and estimated savings are calculated based on several factors including product type, system production, geography, weather, shade, electricity use, full utilization of the 30% solar investment tax credit, and utility rate structures and rate increases. Savings on your total electricity costs are not guaranteed. Financing options and terms vary by location, and may not be available in all areas. Solar QC is neither the lender nor the project installer. Solar QC License# 1130591
