With the passage of [http://www.arkansasenergy.org/media/261385/act736.pdf HB 2230 (2009)] in April 2009, the Arkansas Legislature expanded a tax incentive for manufacturers of windmill blades or components. A full income tax exemption is available for business that meet certain criteria, including locating in the state before December 31, 2007. Businesses that locate in the state after January 1, 2008 are eligible for a partial income tax abatement.
Oklahoma Gas and Electric (OGE) offers lighting, HVAC, motor and other custom rebates to their commercial customers in Arkansas to improve the energy efficiency of their facilities. The lighting rebate program is available to schools and commercial businesses in the OGE Arkansas service territory. OGE will provide a rebate of $2 for each T8 or T5 energy efficient lamp installed.
Oklahoma Gas and Electric (OGE), through a partnership with Communication Federal Credit Union, offers financing on energy efficient air-source and geothermal heat pumps. All customers located in the OGE service territory, residential and commercial, are eligible for this financing. Loans will be set at competitive interest rates with monthly payments as low as $50 per month. No down-payment is required. Interested customers should contact OGE's Energy Programs Coordinator at 405.553.3961 or 405-553-3163 for residential.
Ozarks Electric Cooperative, a Touchstone Energy Cooperative®, offers the Energy Resource Conservation (ERC) Loan Program to residential members to help make energy efficiency improvements in eligible homes. Qualified heat pumps and weatherization measures can be financed through this loan, which is available for existing structures only. Heat Pumps must be new with a minimum HSPF of 7.4 and a minimum SEER of 13. Eligible weatherization measures include insulation, duct sealing, and storm windows/doors. Walls must be R-13, ceilings R-38, and floors R-7.
In April 2001, Arkansas enacted legislation (HB 2325) directing the Arkansas Public Service Commission (PSC) to establish net-metering rules for certain renewable-energy systems.* The PSC approved final rules for net metering in July 2002. Subsequent legislation enacted in April 2007 (HB 2334) expanded the availability of net metering; increased the capacity limit for non-residential systems from 100 kilowatts (kW) to 300 kW; improved the law's provision for the carryover of net excess generation (NEG); and clarified the ownership of renewable-energy credits (RECs).
North Arkansas Electric Cooperative (NAEC), a Touchstone Energy Cooperative, serves approximately 35,000 member accounts in seven different counties. The coop provides low interest rates for energy efficiency improvements in the home through the Energy Resource Conservation (ERC) Loan Program. Eligible measures include heat pumps and weatherization measures such as insulation, ductwork, and storm doors/windows. To qualify, the heat pump must have a SEER rating of at least 14.0 and a HSPF of at least 8.2.
Property-Assessed Clean Energy (PACE) financing effectively allows property owners to borrow money to pay for energy improvements. The amount borrowed is typically repaid via property taxes, with a special assessment on the property over a period of years. Arkansas authorized PACE financing in 2013 with Senate Bill 640. Specifically, the state, cities, counties, and combinations of cities and counties may create a property assessed energy improvement district by adopting an ordinance and entering into a joint agreement with any other participating governmental bodies.
Effective July 1, 2005, Act 1770 (the Arkansas Energy and Natural Resources Conservation Act), encourages all state agencies, including institutions of higher education, to use Leadership in Energy and Environmental Design (LEED) and Green Globes rating systems whenever possible and appropriate in conducting or funding a public building project.
In April 2001, Arkansas enacted legislation directing the Arkansas Public Service Commission (PSC) to establish net-metering rules for certain renewable-energy systems. The Arkansas Public Service Commission (PSC) adopted net-metering rules in July 2002 (Order No. 02-046-R). Section 3 applies to the interconnection of net-metered facilities to existing electric power systems.* Systems that generate electricity using solar, wind, hydro, geothermal and biomass resources are eligible to interconnect and net meter. Microturbines and fuel cells using renewable resources are also eligible.