Residential Energy Efficiency Loan Loss Reserve Program
The Arkansas Energy Office (AEO), a division of the Arkansas Economic Development Commission, has launched the Residential Energy Efficiency Loan Loss Reserve Program, which will provide funds to participants providing residential on-bill repayment or on-bill financing programs to their customers for energy efficiency improvements such as insulation, duct sealing, and HVAC replacement.
Program participants may include municipal utility districts, electric cooperative of Arkansas, investor-owned utility providers, and any credit union or other capital provider working with program participants.
Current Utilities Enrolled in the Residential Energy Efficiency Loan Loss Reserve Program:
Tonya Sexton, Vice President of Marketing and Communications
800-489-7405, ext. 4536
Greg Davis, Key Accounts / Member Service Manager
The Program has Four Goals:
- For energy providers to encourage residential investments in energy efficiency upgrades or improvements that reduce energy consumption
- Reduce fossil fuel emissions while maintaining service level and delivery to ratepayers, and maximize benefits for local and regional communities
- Reduce required energy production in the region through implementation of demand side management
- Improve energy efficiency of ratepayer residential building stock
Funds are available on a first-come, first-served basis. Applications will be reviewed based on responses to the application questions. Because of limited available funding, participants will be awarded access to funds on a competitive basis.