Request for Applications (RFA) – LoanSTAR Program
Loan Documents: RFA#BE-G18-2017
Application Information Packet
The Texas LoanSTAR (Saving Taxes and Resources) revolving loan program provides low interest rate loans to assist Texas public institutions by financing their energy-related cost-reduction retrofit projects. Loan recipients can be cities, counties, independent school districts, state agencies, public institutions of higher education, and tax-district supported public hospitals. The public institutions must own and occupy the facilities where the retrofit projects will take place. All loan disbursements are on a reimbursement basis. Borrowers repay the loans through the stream of energy cost savings realized from the retrofit projects.
Recent Changes to the LoneSTAR Program
- Applications will now be reviewed on a first-come first-serve basis during the open enrollment period. Applications may be submitted from Jan. 27, 2017 through Aug. 31, 2017.
- The composite simple payback term for HVAC projects has been extended from 10 to 15 years. All projects with an HVAC UCRM cost equal to or greater than 50% of the total project cost may have a composite simple payback of up to 15 years.
- The LoanSTAR program has two available funding sources. Loans are available from the LoanSTAR general fund at a rate of 2% per annum or from the LoanSTAR repaid ARRA fund at a rate of 1% per annum. The application and technical guidelines are the same, however, ARRA funded loans require additional reporting documentation through the term of the loan.
Loan interest rate: 2% per annum (1% for ARRA funds).
Maximum loan size per application: $7.5 million.
Maximum number of loans for this solicitation: 2 per Applicant.
Applications will be reviewed on a first-come first-serve basis. Applications that do not have MOU commitments expire Sept. 15, 2017.
||January 27, 2017
||August 31, 2017 - 2 p.m. CT|
||As soon as practical
For questions regarding this RFA, contact Eddy Trevino by email or by phone at 512-463-1876.
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