Through this revolving loan program, the Maryland Energy Administration provides loans to State agencies for cost-effective energy efficiency improvements in State facilities.
State agencies pay zero interest with a one percent administration fee.
Their repayments are made from the agency's fuel and utility budget, based on the avoided energy costs of the project. SALP provides a financing mechanism useful to agencies in meeting the requirements of section 4-806 of the Finance Code of Maryland, as well as the requirements of the federal Environmental Protection Agency's Green Lights Program.