Documents
Resources
Learning Center
Upload
Plans & pricing Sign in
Sign Out

TEXAS LoanSTAR Saving Taxes and Resources PROGRAM

VIEWS: 6 PAGES: 19

									   State Energy
Conservation Office
  Texas Comptroller
  of Public Accounts
      111 E. 17th Street
       Austin, TX 78701
        (512)463-1931
    www.seco.cpa.state.tx.us


         Dub Taylor - Director
     Perry Been - Deputy Director
          Theresa Sifuentes
     LoanSTAR Program Manager
        SECO
   Energy Efficiency
      Programs
Schools/Local Government Partnership
Housing Partnership Program
Renewable Energy Demonstration
Program
State Agencies Program
LoanSTAR Revolving Loan Program
     LoanSTAR Program
        Introduction
The Texas LoanSTAR (Saving Taxes and
Resources) program
Finances energy efficient retrofits for state
agencies, public schools, public hospitals,
local government and municipalities.
Program’s revolving loan mechanism allows
borrowers to repay loans through the stream
of cost savings realized from the projects.
     LoanSTAR Program
          History
The Texas LoanSTAR was created in 1988
with funds which were awarded to states from
the Petroleum Overcharge Litigation relating
to the overpricing of crude oil or refined
petroleum products during 1973 – 1981.
Texas invested $98 million into the
LoanSTAR Program.
LoanSTAR Loan Terms
Interest rate:
                 3% fixed


Maximum composite loan repayment
period:
                 10 years
   LoanSTAR Funding
Loan fund capitalized at $95,000,000

Funds are available on a “first come first
served basis”

Loan maximum is $5 million dollars
Borrower may have two concurrent
loans
  LoanSTAR Retrofits
Projects financed through the program
include:
 Energy    efficient lighting systems
 High efficiency heating, ventilation
  and air conditioning systems (HVAC)
 Energy    management systems
 Boiler   efficiency improvements
    LoanSTAR Retrofits
            (continued)
   energy recovery systems
   building shell improvements
   load management projects
   systems commissioning
      LoanSTAR Loan
        Procedures
Borrower signs a Memorandum of
Understanding (MOU) and requests
LoanSTAR technical guidelines from SECO

Borrower prepares energy assessment report
(assessment cost may be rolled into loan)

Completed assessment and loan application
are submitted to SECO for approval
   LoanSTAR Project
        Design
Once technical review is approved, loan
executed by borrower and SECO

Borrower prepares project design
specifications

SECO reviews and approves design at
50% and 100% complete
   LoanSTAR Project
     Construction
Borrower starts construction of projects

SECO conducts on-site construction
monitoring at 50% and 100% complete

Once project construction is complete,
borrower begins repayment of loan
LoanSTAR Program
     Results
133 loans totaling $149,871,428
$112,000,000 cumulative
savings
$13,600,000 annual savings
Totals Loans Funded
  As of 6/10/2002
                        Hospitals: 6 -
Government:
                          $3.0 M
20 - $13.4 M

                                         Schools: 54
                                           $34. 6M




               Universities/
                  State
               Agencies: 53 -
                 $98.6 M
Local Government Case
        Study
City of Austin
Loan - $2,965,054
Annual Savings - $543,745
Payback – 5.5 years
Projects – High efficient lighting,
replaced existing centrifugal chillers at 4
buildings with high efficient chillers
  Case Study – State
    Agency Loan
General Services Commission
Loan - $1,121,832
Annual Savings - $141,111
Payback – 7.9 years
Projects – Lighting upgrades, Controls
Modifications
    Case Study –
 School District Loan
United Independent School District
Loan - $1,367,632
Annual Savings - $169,898
Payback – 8.0 years
Projects – Lighting upgrades, Replace
Chiller and Cooling Towers
      Case Study –
      Institution of
    Higher Education
Texas A&M University – College Station
Loan - $3,979,377
Annual Savings - $552,170
Payback – 7.2 years
Projects – Change Compressor and
Re-Tube Two Steam Driven Chillers and
Replace Two Steam Absorption Chillers
        LoanSTAR
         FUNDS
Current available funds

         $25 Million
         Thanks…




Web address: www.seco.cpa.state.tx.us

								
To top