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Utah

Utah

Incentives/Policies for Renewables & Efficiency

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Revolving Loan Fund for Energy Efficiency Projects in School Districts and Political Subdivisions   

Last DSIRE Review: 02/18/2013
Program Overview:
State: Utah
Incentive Type: State Loan Program
Eligible Efficiency Technologies: Lighting, Chillers , Furnaces , Boilers, Heat pumps, Central Air conditioners, Caulking/Weather-stripping, Building Insulation, Windows, Doors, Custom/Others pending approval
Applicable Sectors: Schools, Local Government
Amount:Minimum loan amount of $5,000
Maximum Incentive:$250,000 per project; no district can have more than $500,000 in outstanding loans
Terms:2 - 12 years
Funding Source:Revolving Loan fund
Program Budget:$5 million
Start Date:8/31/2007
Web Site: http://www.energy.utah.gov/energy_efficiency/inschools.htm
Authority 1:
Date Enacted:
Utah Code ยง 11-45-101, et seq.
3/16/2007, subsequently amended
Authority 2:
Date Effective:
Utah Admin Code R362-3
8/31/2007
Summary:

HB 351, signed in 2007, created a $5 million revolving loan fund to provide zero-interest loans for energy efficiency projects in K-12 schools and school districts in Utah. HB 318 of 2010 amended the loan program to make political subdivisions, including counties, cities, and towns eligible for loans through the program.

Loans are provided for the retrofit of existing buildings as well as energy efficiency upgrades to new buildings. However, loans can not be used for new buildings to meet the Utah energy code. Loans for new construction can only be used for measures which surpass the prescriptive requirements of the Utah energy code and result in a completed building which exceeds the performance standards of the energy code for its building type by 10%. Loans can be between $5,000 and $250,000 per project. Districts may apply for and receive multiple loans provided their total indebtedness to the fund does not exceed $500,000.

In addition to loans, technical assistance will also be provided to help public agencies and school districts conduct energy audits, design and implement energy efficiency projects, and maximize energy savings.


 
Contact:
  Bruce Miya
Utah Office of Energy Development
PO Box 144845
Salt Lake City, UT 84114-4845
Phone: (801) 538-8734
E-Mail: brucemiya@utah.gov
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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.