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Oklahoma

Oklahoma

Incentives/Policies for Renewables & Efficiency

Printable Version
Oklahoma Municipal Power Authority - WISE Energy Efficiency Loan Program   

Last DSIRE Review: 07/26/2012
Program Overview:
State: Oklahoma
Incentive Type: Utility Loan Program
Eligible Efficiency Technologies: Ceiling Fan, Equipment Insulation, Water Heaters, Lighting, Heat pumps, Central Air conditioners, Programmable Thermostats, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Dual Fuel Heat Pumps, Attic Fans, Heat Pump Water Heaters
Eligible Renewable/Other Technologies: Geothermal Heat Pumps
Applicable Sectors: Commercial, Residential
Amount:Unsecured Loan: $5,000 - $35,000
Home Equity Loan: $1,000 - $100,000
Terms:Unsecured Loan Rate: 1% discount from current market rate
Unsecured Loan Repayment: 3 years

Home Equity Loan Rate: 0.025% discount from current market rate
Home Equity Loan Repayment: 15 years
Funding Source:American Recovery and Reinvestment Act of 2009
Web Site: http://ompa.com/programs/wise-rebate-loan/
Summary:

The Oklahoma Municipal Power Authority (OMPA) offers loans for a variety of measures and equipment through its WISE Loan Program. This program encourages residential and commercial customers to utilize energy efficient equipment by providing below market-rate loans for equipment and service purchases. Eligible measures and equipment includes air conditioners, air-source heat pumps, dual fuel heat pumps, geothermal heat pumps, water heaters, a variety of insulation, lighting, fans, building controls, and general weatherization measures. Unsecured loans are capped at $35,000 and are available at a discount of 1% below the current market rate. Secured Loans (Equity Loans) are eligible for a loan of up to $100,000 at a rate 0.025% below the current market rate. Read all program requirements on the web site listed above or view the program brochure to ensure eligibility. Contact OMPA for additional information on this program.

 


 
Contact:
  OMPA Rebates
Oklahoma Municipal Power Authority
P.O. Box 1960
2701 W. I-35 Frontage Road
Edmond, OK 73083-1960
Phone: (405) 359-2524
Phone 2: (580) 763-8047
Fax: (405) 359-1071
Web Site: http://www.ompa.com
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.