LoanSTAR Revolving Loan Program
The next LoanSTAR Notice of Loan Fund Availability is anticipated to be Friday, May 8.
The Texas LoanSTAR (Saving Taxes and Resources) revolving loan program finances energy-related cost-reduction retrofits for state, public school district, public college, public university, and tax-district supported public hospital facilities (10 Tex. Gov. Code §2305.032). Low interest rate loans are provided to assist borrowers in financing their energy-related cost-reduction efforts. Applicants repay the loans through the stream of energy cost savings realized from the projects.
The 34 Tex. Admin. Code §19.41-45 provides the guidelines for the following: project eligibility, the application and selection process, and for project funding and repayment. Each April and October, SECO publishes a Notice of Loan Fund Availability and request for applications of LoanSTAR loans. The notice is published in the Texas Register, on the Comptroller’s website, and on the SECO Funding & Incentives webpage. Sign up to receive Notices of Loan Fund Availability and application requirements by email.
As of January 2014, LoanSTAR has funded over 237 loans totaling over $395 million. As a result of these loans, the LoanSTAR Program has achieved total cumulative program energy savings of over $419 million, which results in direct savings to Texas Taxpayers.
For questions about the LoanSTAR Revolving Loan Program, contact Eddy Trevino (512-463-1876)
Download a spreadsheet (xlsx) of all active LoanSTAR loans (January 2015).