Descripción

Oklahoma has an Alternative Fuels Loan program to help convert public fleets to operate on alternative fuels. This program provides 0% interest loans for converting vehicles to run on an alternative fuel, for the construction of refueling infrastructure, and for the incremental cost associated with the purchase of an original equipment manufacturer (OEM) AFV. The program provides up to $5,000 per converted or new vehicle and up to $100,000 for refueling infrastructure. Repayment is made from fuel savings during a maximum seven-year period. Eligible applicants include state and county agencies and divisions, municipalities, school districts, mass transit authorities, and public trust authorities.