Clean Fuel Loan Program (Utah)
Summary
Last modified on May 24, 2011.
Financial Incentive Program
| Place | Utah
|
|---|---|
| Name | Clean Fuel Loan Program |
| Incentive Type | State Loan Program |
| Applicable Sector | Commercial, Industrial, Schools, Local Government |
| Eligible Technologies | Renewable Fuel Vehicles |
| Active Incentive | No |
| Implementing Sector | State/Territory |
| Energy Category | Renewable Energy Incentive Programs
|
| Maximum Incentive | 250,000
|
| Program Administrator | Utah Department of Natural Resources |
| Website | http://www.energy.utah.gov/altfuels/incentives.htm#loan
|
| References | DSIRE[1] |
Summary
Utah's Clean Fuel Loan Program provides low-interest loans to businesses and zero-interest loans to government agencies (including schools) for the purchase of clean fuel vehicles and refueling infrastructure.
Loans are available to cover the cost of purchasing OEM vehicles, converting a vehicle to run on a clean fuel, and the cost of refueling equipment (not including labor costs). Clean fuels include compressed natural gas, propane, methanol, and electricity.
To receive a loan, a Utah Clean Fuel Grant and Loan Program application must be completed, signed, and submitted to the Utah Energy Office. The recipient must agree to the following requirements: - provide collateral and execute a UCC Finance Statement; - provide a credit history; - provide proof of UCC filing; - agree to use the clean fuel a minimum of 70 percent of the vehicle miles traveled; - allow inspections of completed conversions, OEM vehicles purchased and refueling equipment; - notify the Program Manager of anticipated or planned vehicle turnover if this should occur before the repayment period ends or within 3 years of date of grant award; and - notify the Program Manager if the refueling equipment or vehicle becomes inoperable and agree to a remedy.
Loans can be filed on-line, in person, mailed, or faxed. The program Web site above provides directions for filing the application.
Incentive Contact
| Contact Name | Bernell Loveridge |
|---|---|
| Department | Utah Department of Natural Resources |
| Division | Utah Energy Office |
| Address | 1594 W. North Temple |
| Address 2 | Suite 3610 |
| Place | Salt Lake City, Utah |
| Zip/Postal Code | 84114-6480 |
| Phone | (801) 538-5413
|
| Website | http://www.energy.utah.gov/ |
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]
References