Energy Efficiency Financing Programs - Wyoming

Wyoming Energy Conservation Improvement Program

  • Program Manager: Wyoming Business Council
  • Summary/Status: This program makes use of energy service companies (ESCOs) and performance contracting to upgrade the energy efficiency of government buildings, public schools, and higher education facilities. ESCO projects normally include third party financing. However, it is not a loan program per se.

Eligibility

  • Sectors: Municipalities, counties, and state buildings, community colleges and universities, and K-12 schools
  • Geographic Scope: Wyoming
  • Types of Measures: All types of energy efficiency measures applicable to government and educational buildings  
  • Other Qualifying Criteria: NA

Loan Terms

  • (Loan terms vary according to energy service company and project.)

For more information about the WYECIP program, click here

Wyoming Energy Savers Loan Program

  • Program Manager: Wyoming Community Development Authority

Eligibility

  • Sectors: Low Income homeowners, low income residential property managers
  • Geographic Scope: Wyoming
  • Types of Measures: Insulation, ENERGY STAR space and water heating systems, weather stripping, programmable thermostat, exterior storm windows, exterior doors, and new ENERGY STAR windows
  • Other Qualifying Criteria: Household income cannot exceed 80% of area median income.

Loan Terms

  • Interest Rate: 3% or 4% per annum depending on income level
  • Financing Period: up to 30 years for lowest income category, up to 15 years for others
  • Loan Size: Minimum of $1,000 up a maximum of $15,000
  • Type of Loan: Deferred or amortized

For more information about the Energy Savers Loan Program, click here

PACE Financing

  • Summary/Status: Wyoming adopted PACE financing authorization legislation in 2011. This policy allows local jurisdictions to sell bonds and provide loans for energy efficiency upgrades, with loan repayment attached to the property and added to the property tax bill.  The Federal Housing Financing Agency issued a statement in July, 2010 indicating that Fannie Mae and Freddie Mac would not purchase mortgages if there is a PACE lien attached to a residential property. Most states have stopped PACE financing for residential properties as a result.

The program is on hold for residential properties.

Eligibility

  • Sectors: Residential, commercial and industrial
  • Geographic Scope: Depends on local participation
  • Types of Measures: Any energy improvement is eligible

Loan Terms

  • Interest Rate: Determined by local authority
  • Financing Term: Determined by local authority
  • Loan Size: Determined by local authority
  • Type of Loan: Secured, value of the loan remains with property

For more information about PACE financing, click here