Utah

Information provided the Database of State Incentives for Renewables and Efficiency (DSIRE)

Summary: Utah offers two loan programs aimed at state facilities and schools. HB 198 of 2008 established a revolving loan program to fund efficiency improvements in state facilities. The fund was capitalized with a transfer of $3,650,000 from the Stripper Well-Petroleum Violation Escrow Fund. All repayments on loans will return to the fund along with any interest the fund earns. This loan program is administered by the Utah State Building Board.

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. Loans are provided for the retrofit of existing buildings as well as energy efficiency upgrades to new buildings. 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. These loans are administered by the State Energy Program.

Links:

• For more information on energy efficiency financial incentives in Utah, visit DSIRE
• FMI on Energy Efficiency in Utah Schools

Last Updated 06/22/2009

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