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Combined Heat and Power Partnership

Community Energy Education Management Program

dCHPP Glossary (PDF) (2 pp, 53K)

Date Last Updated6/6/2013
Incentive TypeLoan
Incentive Administrator/Contact OfficeOklahoma Department of Commerce - State Energy Office
Incentive Initiation Date8/1/2009
Incentive Size and Funding SourceThe Oklahoma Department of Commerce offers a revolving loan fund for local governments. Funding for the program comes from oil overcharge restitution funds. Loans offered have a 3% interest rate for up to 6 years. Generally, the loans will not be more than $150,000, and the average loan amount is around $60,000. The program has a budget of $1 million.
Eligible RecipientLocal governments with projects that increase energy efficiency and reduce energy consumption.
Eligible FuelDoes Not Specify
Eligible Project Size (MW)Does Not Specify
Minimum Efficiency Required (%)Does Not Specify
Other Selected Eligibility CriteriaFunds 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. All eligible projects should increase energy efficiency, reduce energy consumption, project a positive return on investment and be paid back within 6 years of the loan award. An eligible local government may have only one active loan open at any time.
Other Incentive DetailsLoan funds are made available on a year round basis to eligible entities, as long as adequate funds are available.
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