Description

The Energy Fund is an endeavor to provide publicly funded entities with the low-cost financing needed to implement energy conservation strategies. Funds are available through the Louisiana Department of Natural Resources, in conjunction with the Louisiana Public Facilities Authority, under a performance-based energy efficient contract. These funds are to be used to lower the interest rates of third party energy conservation loans. A performance-based contract requires the borrower to repay the funding from a part of the energy savings made as a result of the improvements.

To apply for funding, a publicly funded institute should complete an application for funds found at the program website. Applications are accepted between January and March of each year. Qualifying applicants will be pooled by the Public Facilities Authority and a bond issue backed by the projects will generate funds from private sources. The Department of Natural Resources provides credit enhancement to buy down the interest rate associated with the bond issue.