NAC701.685. Evaluation and prioritization of applications submitted by qualified applicants: Criteria; approval by Interim Finance Committee.

     1. The Director will evaluate and prioritize the applications submitted by qualified applicants based on the following criteria:

     (a) Job creation as a result of the qualified applicant’s project relative to the cost of the project;

     (b) Renewable energy generation, energy saved, efficiency increased or renewable energy system components manufactured relative to the cost of the qualified applicant’s project;

     (c) Reduction of the use of fossil fuels and the emission of greenhouse gases relative to the cost of the qualified applicant’s project;

     (d) Leveraging of additional financial resources, the availability of full financing, the proposed repayment schedule and the reliability of sources of repayment of the loan;

     (e) Readiness of the qualified applicant’s project to proceed, the quality of the management of the project and the expected duration of the project; and

     (f) Loan amount and availability of money from the Account to meet the needs of the qualified applicant.

     2. The Director will give preference to larger energy conservation projects, larger energy efficiency projects and larger renewable energy systems.

     3. The Director will request approval from the Interim Finance Committee to make loans of money from the Account. Upon approval by the Interim Finance Committee, the Director will post a list of the qualified applicants on the Internet website of the Office of Energy at http://energy.state.nv.us.

     (Added to NAC by Office of Energy by R161-09, eff. 6-30-2010; A by R063-11, 2-15-2012)