The LoanSTAR Program
State Loan Program Eligible Efficiency Technologies: Lighting, Chillers, Furnaces, Boilers, Heat pumps, Air conditioners, Heat recovery Energy Mgmt. Systems/Building Controls, Building Insulation, Custom/Others pending approval Eligible Renewable/Other Technologies: Passive Solar Space Heat Solar Water Heat Solar Space Heat Photovoltaics Wind Geothermal Heat Pumps Applicable Sectors: Schools Local Government State Government Hospitals Amount: Varies Maximum Amount: $5 million Terms: Current interest rates are 3% APR. Loans are repaid through energy cost savings. Projects must have an average payback of 10 years or less. Project Review/Certification: Detailed Energy Assessment Report must be prepared according to LoanSTAR Technical Guidelines , available on the program website. SECO performs design specification review. Funding Source: Petroleum Violation Escrow Funds Program Budget: $98.6 million (revolving loan) Website: http://seco.cpa.state.tx.us/ls.htm Summary: Through the State E...