Revolving Loan Fund Research
Hi Morgan,
Hi Morgan,
The following is an email conversation between Morgan White and Anthony Spurlock.
Anthony sent the following on Nov 17, 2022:
Morgan,
Per your request, 27 RLF projects have been completed totaling $6 million. 41 total projects have been approved totaling $8.6 million.
The Revolving Loan Fund (RLF) was set up as a funding source for utility conservation projects with less than ten-year payback periods. These can include steam, electricity, chilled water, or water reduction projects, and the savings from utility costs are paid back annually to replenish the fund.
Departmental or Unit Funding Available for Utility Conservation Projects
The RLF application form includes step-by-step instructions and examples.
F&S is accepting new Revolving Loan Fund (RLF) applications for utility conservation projects envisioned by academic, auxiliary, and administrative units. Since 2011, the RLF has supported over $7.5M in transformative projects, allowing colleges, departments, and institutes to modernize their spaces through the following work:
The following email was sent on November 16, 2020 to the RLF Selection Committee:
Revolving Loan Fund Selection Committee,
The attached proposal is for funding from the Revolving Loan Fund to do RCx at the State Farm Center. This project is expected to cost $250,000 and pay for itself in energy savings within two years of completion.
Attached are the final project selection results for this year's Revolving Loan Fund, via Joshua Whitson. A big thanks to everyone who submitted projects and to those who support the Revolving Loan Fund.
7 projects were approved during the FY2020 Revolving Loan Fund (RLF) project selection. At this time, final scoring results were determined as well. F&S will be beginning these projects soon and will start assessing their correlated utility savings.
Due to COVID-19, the voting process was conducted via email as opposed to meeting in person. As a result of the success in the virtual voting process, future selections are planned to occur in a similar fashion.
GRITS is updated as of 6-30-2019 and the fund balance as of 6-30-2019 is $4,131,042.
The RLF selection committee approved funding for five projects totalling $814,120. See attached file for the list.
The Revolving Loan Fund selection committee has approved funding for all the viable RLF projects. See attached image for list.
Revolving Loan Fund Selection Committee,
There were nine projects approved by the Revolving Loan Fund selection committee, see attached image.
The Chicago Tribune included a mention of the University of Illinois at Urbana-Champaign as one of two schools in Illinois that have joined the Billion Dollar Green Challenge. http://www.chicagotribune.com/suburbs/naperville-sun/ct-nvs-north-centra...
This information was sent to the FY17 RLF Selection Committee:
More than $1.9M will be available for campus projects through the Revolving Loan Fund (RLF) this semester. Departments and units interested in submitting utility conservation work for consideration are encouraged to download and complete the RLF application available at: http://go.fs.illinois.edu/rlf. Download the application form, fill in the necessary information, and email the completed form to FandS Revolving Loan Fund by Friday, April 15, 2016
Ben McCall attended this ECBS SWATeam meeting to join in on the discussion of objectives 2 and 3 under the ECBS section of iCAP 2015. A consultation group will be formed to help in recommending potential objective 2 strategies. The main issue is that there is no "one size fits all" standard for all campus buildings. Various strategies of creating a feedback loop for reducing energy usage were also discussed with regards to objective 3. Next meeting is set for Tuesday, March 15.
The Revolving Loan Fund was updated in FY16. These files were previously the main files on the iCAP Portal page.