The State of Utah Office of Energy Development is pleased to issue the attached Notice of Loan Fund Availability (NOLFA) for the U-Save Energy Loan Program. A Request for Applications (RFA) will be issued on May 15, 2012, and will open the application period that will close on June 29, 2012.
The U-Save Energy Loan Program finances energy-related cost-reduction retrofits for publicly owned buildings including state, tribal, municipal (city and county), public school district, charter school, public college, and public university facilities. Low interest rate loans are provided to assist those institutions in financing their energy related cost-reduction efforts. The program’s revolving loan mechanism allows applicants to repay loans through the stream of energy cost savings realized from the projects.
$1.5M is available with this current round of funding. The maximum loan amount is $750,000. The current interest rate is 3% and the maximum loan term is 5 years. You can learn more about the U-Save Energy Loan Program by reading the attached NOLFA, which is also available online at www.energy.utah.gov/usave.
For questions, contact:
U-Save Loan Fund Manager
Utah Office of Energy Development
60 East South Temple, 3rd Floor
Salt Lake City, UT 84111
(801) 538-8723 tel
(855) 271-4373 fax