Financing & Loans
U-Save Revolving Loan Fund
The Utah Office of Energy Development will be issuing a notice of loan fund availability for energy efficiency projects through the U-Save Energy Efficiency Fund (U-Save) on December 8, 2014. U-Save finances energy-related cost reduction retrofits and the incremental costs of new construction energy enhancements for publicly owned buildings including school district, city, and county facilities. Final applications will be due February 23, 2015. Please complete the form here to receive official notification and updates.
The Utah U-Save Energy Efficiency Fund (U-Save) finances energy-related cost reduction retrofits and the incremental costs of new construction energy enhancements for publicly owned buildings including school district, city, and county facilities. Low-interest rate loans are provided to assist those institutions in financing their energy cost reduction efforts. The program’s revolving loan mechanism allows borrowers to repay loans through cost savings realized from the projects. The U-Save manager should be contacted for information on current loan interest rates.
Recent U-Save Projects:
- Weber School District – Lighting Project: Weber School District was able to complete a significant lighting upgrade at Roy High School in Ogden, which will result in energy savings, improved safety, and improved light quality and control.
- Canyons School District – Lighting and Controls Project: Canyons School District is in the process of upgrading lighting fixtures at key elementary schools in need of improvement, both for light quality and energy savings. The district is also underway with a Recommissioning project at multiple schools. Recommissioning work helps to streamline equipment with the electronic components that control it, thus providing improved building temperature and scheduling control and potential for significant energy cost savings.
Utah Energy Infrastructure Authority Bonds
Tax free revenue bonds may be issued by the state to help advance “energy delivery projects” – power lines and pipelines – that facilitate responsible energy development. The Board is chaired by the Governor’s Energy Advisor, and includes the Executive Directors of GOED and SITLA, as well as representatives of each class of utilities, two energy producers, and an expert in public finance.