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Oklahoma Municipal Power Authority - WISE Energy Efficiency Loan Program

Last Review: 2012-07-26
Incentive Type: Utility Loan Program
Eligible Efficiency Technologies: Ceiling Fan, Equipment Insulation, Water Heaters, Lighting, Heat pumps, Central Air conditioners, Programmable Thermostats, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Geothermal Heat Pumps
Applicable Sectors: Commercial
Terms: Unsecured Loan Rate: 1% discount from current market rate
Unsecured Loan Repayment: 3 years

Home Equity Loan Rate: 0.025% discount from current market rate
Home Equity Loan Repayment: 15 years
Incentive Amount: Unsecured Loan: 5,000 - 35,000
Home Equity Loan: 1,000 - 100,000
Website: http://ompa.com/programs/wise-rebate-loan/

Summary:

The Oklahoma Municipal Power Authority (OMPA) offers loans for a variety of measures and equipment through its WISE Loan Program. This program encourages residential and commercial customers to utilize energy efficient equipment by providing below market-rate loans for equipment and service purchases. Eligible measures and equipment includes air conditioners, air-source heat pumps, dual fuel heat pumps, geothermal heat pumps, water heaters, a variety of insulation, lighting, fans, building controls, and general weatherization measures. Unsecured loans are capped at $35,000 and are available at a discount of 1% below the current market rate. Secured Loans (Equity Loans) are eligible for a loan of up to $100,000 at a rate 0.025% below the current market rate. Read all program requirements on the web site listed above or view the program brochure to ensure eligibility. Contact OMPA for additional information on this program.

 


Contact:
OMPA Rebates
Oklahoma Municipal Power Authority
P.O. Box 1960
2701 W. I-35 Frontage Road
Edmond, OK 73083-1960
Phone:(405) 359-2524 Ext.
Phone 2:(580) 763-8047
Email:
Web site: http://www.ompa.com

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