Maryland Energy Administration

State Agency Loan Program

The State Agency Loan Program (SALP) was established in 1991, using funds from the Energy Overcharge Restitution Fund (EORF). Through this revolving loan program, the Maryland Energy Administration provides loans to State agencies for cost-effective energy efficiency improvements in State facilities.

Approximately $1 million in new loans are awarded each fiscal year. State agencies pay zero interest with a one percent administration fee. Their repayments are made from the agency's fuel and utility budget, based on the avoided energy costs of the project.

In fiscal year 2005, capitalized with national oil overcharge funds and currently self-sustaining, SALP loaned State agencies $1,500,000 for energy improvements which will save an estimated $267,114 annually. Since its inception, SALP has funded over $9 million to upgrade lighting, controls, boilers, chillers and other energy equipment.

SALP provides a financing mechanism useful to agencies in meeting the requirements of Executive Order 01.01.2001.02 Sustaining Maryland's Future with Clean Power, Green Buildings and Energy Efficiency.

Please Address Questions & Comments via e-mail to Tim LaRonde at meainfo@energy.state.md.us, or call 1-800-72-ENERGY.