LoanSTAR Revolving Loan Program
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)