Revolving Loan Fund

The Revolving Loan Fund (RLF) was established in 2011 as a way to help campus departments make needed utility conservation improvements without impacting their budgets. Projects that conserve steam, electricity, chilled water, or potable water, and have a payback period of less than 10 years can be funded through the RLF. The initially calculated savings from the project are used to repay the funds.


Occupancy SensorInstal

Facilities & Services solicits RLF projects at least once a year. The RLF has $842K available for the current application cycle.


Past projects have included LED lighting retrofitting and occupancy sensors that can control lights, as well as heating and cooling.


Selection Criteria

Project selection is based on the following weighted criteria:

  1. Payback Period 30%
    How fast will utility savings repay project cost?
  2. Reduction of Greenhouse Gas Emissions 25%
    Does this project reduce greenhouse gas emissions for campus?
  3. Revolving Loan Fund Size Impact 20%
    Will this project increase the Revolving Loan Fund size through grants or additional allocations?
  4. Visibility 5%
    How visible/noticeable is the project to users of the facility, space and/or campus community?
  5. Project Coordination 20%
    Can this project be executed in conjunction with other planned or ongoing projects on campus?
  6.  

How to Apply
Projects must be submitted through this RLF application form by the requesting campus department. Please download the form, fill in the necessary information, and email it to: fandsrevloanfund@mx.uillinois.edu You may also email this address to request assistance from F&S staff in completing the form.


Submission Deadline
If possible, please submit application forms prior to December 31, 2017. No project application forms will be accepted after Friday, January 26, 2018.


Selection Committee
The selection committee is comprised of the Executive Director of Facilities and Services, Associate Provost for Capital Planning, Associate Vice Chancellor for Research, Associate Vice Chancellor for Student Affairs, Student Sustainability Committee Chair, Illinois Student Senate President, and a representative of the Institute for Sustainability, Energy, and Environment.


Project Tracking
Revolving Loan Fund projects are tracked using the Green Revolving Investment Tracking System. It tracks annual energy, financial, and carbon savings from energy efficiency and other resource conservation measures.


Funding Sources
The RLF can grow through a direct allocation from the Chancellor, President, or Student Sustainability Committee, or through project grant funding from sources such as the Illinois Department of Commerce and Economic Opportunity or Illinois Clean Energy Community Foundation.