31:01:03:02Criteria

for energy conservation loans. Energy conservation projects for which the loans are desired must meet the following criteria: (1) The building in which the measures are being installed must be in South Dakota; (2) The project must be consistent with the state energy conservation program plan required by 40 C.F.R. § 420 as published in 48 Fed. Reg. 39,356-39,364 (August 30, 1983); (3) The project must demonstrate the ability to conserve energy through efficient energy use or the utilization of renewable energy resources which results in energy savings based upon a net reduction in the use of nonrenewable resources; (4) The project must utilize existing, proven reliable technologies; (5) The project must show energy savings; (6) The project must demonstrate a simple payback period of 10 years or less, which may be subject to waiver in unusual circumstances; (7) The project must meet state air and water quality standards; and (8) The project must be recommended in a current technical analysis report as required by chapter 31:01:02.

Source: 14 SDR 183, effective July 13, 1988; transferred from § 20:13:03:02, 15 SDR 209, effective July 9, 1989; 19 SDR 148, effective April 4, 1993; 20 SDR 222, effective July 5, 1994.