Low-Interest Alternative Fuels Loan Program

June 08, 2004

Summary

Oklahoma has a loan program with a 3% interest rate for the cost of converting private fleets to operate on alternative fuels and for the incremental cost of purchasing an original equipment manufacturer (OEM) AFV. The repayment of the loan is made from fuel savings during a maximum three-year period.

Program Overview

Implementing Sector: State
Category: Financial Incentive
State: Oklahoma
Incentive Type: Loan Program
Web Site: http://www.okcleancities.org/ok_loanfunds.php
Administrator: Association of Central Oklahoma Governments
Start Date:
Eligible Renewable/Other Technologies:
  • Renewable Fuel Vehicles
Loan Term: Maximum three-year loan period

Contact

Name: Yvonne Anderson
Organization: Association of Central Oklahoma Governments
Address: 21 E. Main Street, Suit 100
Oklahoma City OK 73104-2405
Phone: (405) 234-2264
Email: yanderson@acogok.org

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.