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. Since its inception, SALP has been used to upgrade lighting, controls, boilers, chillers and other energy equipment in State buildings and facilities.

Approximately $1 million in new loans are awarded each fiscal year. In fiscal year 2009, an additional $800,000 was added to SALP through the proceeds of the Regional Greenhouse Gas Initiative (RGGI).

State agencies pay zero interest with a one percent administration fee. Loan repayments are made from the agency's fuel and utility budget, based on the avoided energy costs of the project.

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 Jenn Gallicchio at jgallicchio @energy.state.md.us, or call 1-800-72-ENERGY.

 

 

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