Community Energy Education Management Program (Oklahoma)
Last modified on April 13, 2011.
Financial Incentive Program
|Name||Community Energy Education Management Program|
|Incentive Type||State Loan Program|
|Applicable Sector||Local Government|
|Energy Category||Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs|
|Amount|| Varies by project, averages 60,000 per applicant
|Funding Source|| Oil overcharge restitution funds
|Maximum Incentive|| 150,000
|Program Budget|| $1 million
|Terms||3% interest rate for up to six years|
|Program Administrator||Oklahoma Department of Commerce|
|Contact Name||Carolyn Sullivan|
|Department||Oklahoma Department of Commerce|
|Division||State Energy Office|
|Address||900 North Stiles|
|Address 2||P.O. Box 26980|
|Place||Oklahoma City, Oklahoma|
|Phone|| (405) 815-5347
The Oklahoma Department of Commerce offers a revolving loan fund for local governments to make energy efficient improvements to government buildings. All eligible projects should increase energy efficiency, reduce energy consumption, project a positive return on investment and be paid back within six years of the loan award. Funds from this program can be used to pay for a technical assistance report/audit, energy conservation measures and operation and maintenance procedures that would contribute to overall reduced energy consumption.
Generally, the loans will not be more than $150,000, and the average loan amount is around $60,000. An eligible local government may have only one active loan open at any time.
More information, including guidelines and an application, are available at the program website above.