The Arkansas Energy Office (AEO), a division of the Arkansas Economic Development Commission, launches the Residential Energy Efficiency Loan Loss Reserve Program, which will provide funds to participants providing residential on-bill repayment or on-bill financing programs to their customers for energy efficiency improvements such as insulation, duct sealing and HVAC replacement.
Program participants include municipal utility districts, electric cooperative of Arkansas, investor-owned utility providers, and any credit union or other capital provider working with program participants.
The program has four goals:
Funds are available on a first-come, first-served basis. Applications will be reviewed based on responses to the application questions. Due to limited funding available, participants will be awarded access to funds on a competitive basis.
Click on the following for program resources:
SEEAction Financing Energy Improvements on Utility Bills May 2014
ACEE On-Bill Financing for Energy Efficiency Improvements Dec 2011
Loan Loss Reserve Guidelines
Investments in energy efficiency across all four of Arkansas's economic sectors - residential, commercial, industrial, and transportation - could create more than 11,000 jobs, generate $240 million in revenue for the state, and save consumers $3.2 billion in energy bills by 2025, according to a report released today by the American Council for an Energy-Efficient Economy (ACEEE). The report, Advancing Energy Efficiency in Arkansas: Opportunities for a Clean Energy Economy, examines the potential for greater energy efficiency in Arkansas and suggests a variety of policies to tap into this underused resource. For more information, click here.
This report was supported by the Energy Foundation, and by the U.S. Department of Energy and the Arkansas Economic Development Commission – Energy Office under award number DE-EEO000179, known as the Energy Efficiency Outreach (EEO) Program.
Visit the AAEA website
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Now accepting loan applications for industrial energy efficiency and clean technology projects.
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