OK HB2815

Creates the Oklahoma Clean Energy Finance Program to provide below-market interest rate loans up to $12,500 for residential clean energy improvements, with higher limits for nonprofit housing projects.

Establishes the Clean Energy Program Fund with two accounts: a loan buy-down account for compensating lenders for reduced interest rates to first-tier and second-tier qualified borrowers, and a loan loss reserve account maintained at 5% of outstanding loan principal.

Defines qualified borrowers by income tiers relative to area median income: first-tier (less than 80%), second-tier (80-120%), and third-tier (120% or more), with different interest rates and loan availability by tier.

Requires the program administrator to recruit and certify contractors to market the program and complete clean energy improvements, and to provide annual reports to the Governor's Energy Office detailing loan originations, outstanding balances, and energy savings.

Creates the Rural Clean Energy Project Finance Program allowing counties and cities to issue tax-exempt private activity bonds to finance up to $1 million in clean energy projects for eligible applicants, with repayment terms not exceeding 10 years.