U-Save Energy Efficiency Fund
Notice of Loan Fund Availability (NOLFA)A notice of loan fund availability (NOLFA) for the U-Save Energy Efficiency Fund was released on December 5, 2016, and proposals will be accepted through January 20, 2017 through the State of Utah SciQuest portal. To download the funding notice and submit an application, you will have to create an account in the SciQuest portal. If you would like to be placed on the list to be notified of availability, or if you have any questions, please contact Shawna Cuan, at firstname.lastname@example.org.
What is U-Save?The U-Save Energy Efficiency Fund (U-Save) finances energy efficiency improvements, including retrofits and new construction enhancements, for public buildings owned by:
- School Districts
How it WorksU-Save’s unique financing mechanism allows minimal risk to the borrower. After a project is complete, the cost savings realized through the energy upgrade should be sufficient to meet the required quarterly loan payments. The U-Save manager, Shawna Cuan, should be contacted at email@example.com for information on current loan interest rates. Scroll down or click on the items below to see:
Why should I use U-Save?
- 100 percent upfront financing with no money down
- Two to 12-year loan repayment schedule
- Maximum two percent, fixed interest rates over the term of the loan
- Upgrades can help you save on utility bills
- Your utility bill savings can be used to pay back the loan
- Energy upgrades save energy and water
Who can use U-Save?
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1 Please note that all building components and systems must exceed the minimum requirements of the Utah Energy Code to be eligible for funding.
What is the U-Save process?The U-Save process generally consists of four phases:
What are the U-Save rules and regulations?You must report all project energy savings quarterly, including energy cost savings. Furthermore, approved projects must comply with the following federal acts and provisions:
- Buy American Provision
- Davis Bacon Act
- National Historic Preservation Act
- National Environmental Policy Act
- U-Save Administrative Code
U-Save ResourcesThe Program Guidebook is a comprehensive document for loan recipients that summarizes U-Save and includes relevant project initiation forms. If you submitted an application through SciQuest and were selected to receive a loan, please submit a Formal Loan Request Form and Energy Assessment Review. Once complete, please submit your application to firstname.lastname@example.org. We also encourage contractors and public entities to use Utility Incentives, State Incentives, Federal Incentives, and other incentive programs along with U-Save.
U-Save ProjectsWeber School District Lighting Project Weber School District completed a significant lighting upgrade at Roy High School in Ogden, which will result in energy savings, improved safety, and improved light quality and control. Ogden School for the Deaf and Blind Boiler Project The Ogden School upgraded their boiler system, resulting in significant energy savings. Canyons School District Lighting and Controls Project Canyons School District is currently upgrading aged lighting fixtures at key elementary schools. These improvements will result in better light quality and energy savings. The district is also underway with a Recommissioning project at multiple schools. Recommissioning work streamlines equipment with the electronic components that control it, thus providing improved building temperature and scheduling control, with potentially significant energy cost savings. Eastmont Middle School HVAC Project Canyons School District is upgrading the HVAC system at Eastmont Middle School. These improvements will result in estimated energy savings of over $100,000 annually and better thermal comfort for teachers and students.
- U-Save went into effect December 1, 2015
- U-Save funds are provided through a one-time legislative appropriation under the American Recovery and Reinvestment Act
- Minimum loan amount of $5,000
- Maximum loan amount of $1,000,000