- Not started
- In process
In 2008, the City of Saint Paul created a revolving loan fund as an internal source of funding for energy efficiency improvements at city-owned facilities. The revolving loan started with an initial balance of $1 million received through the City's Sewer Service Enterprise Fund.
Between 2009 and 2018, the City completed 629 energy efficiency projects using the revolving loan fund. Collectively, these projects were estimated to save more than $1.6 million in energy costs.
In 2018, Saint Paul expanded its green revolving loan fund to $5 million in order to support the goal of making municipal buildings and operations carbon neutral by 2030.
For more information about Saint Paul's green revolving loan fund, check out this case study from the American Cities Climate Challenge:
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City of Saint Paul