Top navigation skipped
Loan Documents: RFA-BE-G27-2024
LoanSTAR Program
The Texas LoanSTAR (Saving Taxes and Resources) Revolving Loan Program provides low-interest loans to assist Texas public institutions by financing their energy-related, cost-reduction retrofit projects. Loan recipients may be cities, counties, independent school districts, state agencies, public institutions of higher education and tax-supported public hospital districts.
All loan disbursements are on a reimbursement basis. Borrowers repay the loans through the stream of energy cost savings realized from the retrofitting.
For more information, visit the LoanSTAR Program webpage.
Solicitation Details
- Maximum loan size per application: $6 million
- For loans funded with repaid ARRA funds, the minimum loan size is $3 million.
- Maximum number of loans for this solicitation: one per applicant
- Loan interest rate: 2.5 percent annually (1.5 percent for ARRA funds)
- 15-year maximum loan term
- Borrower must own and occupy the facility where the proposed retrofit project will occur.
- HVAC saving degradation rate of 0.75% annually
Funding Sources
LoanSTAR loans are available from its general fund at an annual rate of 2.5 percent or from its repaid ARRA fund at an annual rate of 1.5 percent. The application and technical guidelines are the same; however, ARRA-funded loans require additional reporting documentation during the term of the loan.
Applications will be reviewed on a first-come, first-served basis.
| Key Deadlines | Date |
|---|---|
| Issuance | Dec. 22, 2023 |
| Application Submission | Notice: SECO is pausing receipt of LoanSTAR loan applications until June 1, 2024. Open enrollment through Aug. 30, 2024 – 2 p.m. CT |
| Contract Execution | As soon as practicable |
Questions
For questions regarding this RFA, email John Kyere.