LoanSTAR Revolving Loan Program
Incentive Type:
State:
Eligible Efficiency Technologies:
Eligible Renewable/Other Technologies:
Applicable Sectors:
Amount:
Maximum Amount:
Terms:
Project Review/Certification:
Funding Source:
Program Budget:
Web Site:
State:
Eligible Efficiency Technologies:
Eligible Renewable/Other Technologies:
Applicable Sectors:
Amount:
Maximum Amount:
Terms:
Project Review/Certification:
Funding Source:
Program Budget:
Web Site:
State Loan Program
Texas
Lighting, Chillers, Furnaces, Boilers, Heat pumps, Air conditioners, Heat recovery, Energy Mgmt. Systems/Building Controls, Building Insulation, Custom/Others pending approval
Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Geothermal Heat Pumps
Schools, Local Government, State Government, Hospitals
Varies
$5 million
Current interest rates are 3% APR. Loans are repaid through energy cost savings. Projects must have an average payback of 10 years or less.
Detailed Energy Assessment Report must be prepared according to LoanSTAR Technical Guidelines, available on the program website. SECO performs design specification review.
Petroleum Violation Escrow Funds
$98.6 million (revolving loan)
http://seco.cpa.state.tx.us/ls.htm
Texas
Lighting, Chillers, Furnaces, Boilers, Heat pumps, Air conditioners, Heat recovery, Energy Mgmt. Systems/Building Controls, Building Insulation, Custom/Others pending approval
Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Geothermal Heat Pumps
Schools, Local Government, State Government, Hospitals
Varies
$5 million
Current interest rates are 3% APR. Loans are repaid through energy cost savings. Projects must have an average payback of 10 years or less.
Detailed Energy Assessment Report must be prepared according to LoanSTAR Technical Guidelines, available on the program website. SECO performs design specification review.
Petroleum Violation Escrow Funds
$98.6 million (revolving loan)
http://seco.cpa.state.tx.us/ls.htm
Summary:
Through the State Energy Conservation Office, the LoanSTAR Program offers low-interest loans to all public entities, including state, public school, colleges, university, and non-profit hospital facilities for Energy Cost Reduction Measures (ECRMs). Such measures include, but are not limited to: HVAC, lighting, and insulation. Funds can be used for retrofitting existing equipment or, in the case of new construction, to finance the difference between standard and high efficiency equipment. The evaluation of on-site renewable energy options (e.g., solar water heating, photovoltaic panels, small wind turbines) is encouraged in the analysis of potential projects.
The LoanSTAR Program funds “Design, Bid, Built” or “Design, Built” projects. All projects are approved based on the Detailed Energy Assessment Report, which must be prepared according to LoanSTAR Technical Guidelines or the Performance Contracting Guidelines. SECO performs design specification review and on-site construction monitoring at the very minimum when the project is 100% complete. Repayment of the loans does not begin until after construction is 100% completed.
As of November 2007, LoanSTAR had funded a total of 191 loans totaling over $240 million dollars and resulting in approximately $212 million in energy savings. The National Association of State Energy Officials (NASEO) reports that the LoanSTAR program helped state agencies save more than $20 million in energy costs during 2008 and that the program had a waiting list of $28 million in proposed projects as of Winter 2009. Applications are available on the program website. The technical guidelines for the LoanSTAR program can be found here.
Contact:
Theresa Sifuentes
Comptroller of Public Accounts
State Energy Conservation Office
111 E. 17th Street, Room 1114
Austin, TX 78701
Phone: (512) 463-1896
Fax: (512) 475-2569
E-Mail: theresa.sifuentes@cpa.state.tx.us
Web Site: http://www.seco.cpa.state.tx.us/