LoanSTAR Revolving Loan Program
The LoanSTAR Revolving Loan Program by the State Energy Conservation Office offers low-interest loans for energy conservation projects. Managed by Eddy Trevino, P.E., the program highlights money availability, proven risk management, eligibility criteria, and successful loan results. With a focus on public entities and taxpayer-supported borrowers, the program provides funding for various sectors such as K-12 schools, state agencies, local governments, and hospitals. Discover more about the program's issuance details, maximum loan amounts, interest rates, and application process.
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Presentation Transcript
LoanSTAR Revolving Loan Program State Energy Conservation Office Eddy Trevino, P.E. Manager
Takeaways Money is available Low interest rates Proven Risk Management Process
Availability and Interest Rates Issuance: October 6, 2017 Deadline: August 31, 2018 at 2:00 p.m. CT Maximum Loan Amount: $8.0 million Maximum 3 loans per borrower per application period 2% interest 1% interest (ARRA restrictions and reporting)
Risk Management Eligible Borrowers Public taxpayer supported entities Loan Qualification Criterion Permanently affixed Own and occupy Estimated Useful Life Simple Payback Third Party Review
3rdParty Review - Pre-Retrofit Application Utility Assessment Report Loan Agreement
3rdParty Review - Retrofit Process Design 50%, 100% Retrofit Activities 50%, 100% Loan Repayment Schedule
Results 290 loans Over $400 million Loan Agreement (million dollars) 110 175 130 31 7 Average Simple Payback (years) 8 7 9 9 8 Borrower Number of Loans K-12 Public Schools State Agencies Local Governments Higher Education Hospitals 134 72 57 14 13
Results Borrower Number of Design Build or Design Bid Build Contracts 126 59 41 13 12 Number of Energy Savings Performance Contracts 8 13 16 1 1 K-12 Public Schools State Agencies Local Governments Higher Education Hospitals
Where to Find Us https://comptroller.texas.gov/programs/seco/
Contacts Eddy Trevino Manager eddy.trevino@cpa.texas.gov http://seco.cpa.texas.gov
