Financing & Loans
U-Save Revolving Loan Fund
The U-Save Energy Fund finances energy-related cost-reduction retrofits for publicly-owned buildings including state, tribal, municipal (city and county), public school district, charter school, public college, and public university facilities. Low interest rate loans are provided to assist those institutions in financing their energy related cost-reduction efforts. The program’s revolving loan mechanism allows applicants to repay loans through the stream of energy cost savings realized from the projects. The U-Save Energy Fund Request for Applications is closed for 2013.
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.