The Texas LoanSTAR (Saving Taxes and Resources) Revolving Loan Program provides low-interest loans to assist Texas public institutions by financing their energy-related, cost-reduction retrofit projects. Loan recipients may be cities, counties, independent school districts, state agencies, public institutions of higher education and tax-supported public hospital districts.
All loan disbursements are on a reimbursement basis. Borrowers repay the loans through the stream of energy cost savings realized from the retrofitting.
For more information, visit the LoanSTAR Program webpage.
Applications will now be reviewed on a first-come, first-served basis during the open enrollment period.
The composite simple payback period for heating, ventilation and cooling (HVAC) projects has been extended from 10 to 15 years. All projects with an HVAC Utility Cost Reduction Measure (UCRM) cost equal to or greater than 50 percent of the total project cost may have a composite simple payback period of up to 15 years.
LoanSTAR loans are available from its general fund at an annual rate of 2 percent or from its repaid ARRA fund at an annual rate of 1 percent. The application and technical guidelines are the same; however, ARRA-funded loans require additional reporting documentation during the term of the loan.
Applications will be reviewed on a first-come, first-served basis.
|Issuance||Oct. 6, 2017|
|Application Submission||Open enrollment through Aug. 31, 2018 – 2 p.m. CT|
|Contract Execution||As soon as practicable|