OK HB2530

Creates the Oklahoma Clean Energy Finance Program to finance clean energy improvements to residential properties through loans up to $12,500 with below-market interest rates for low- and moderate-income borrowers.

Establishes the Governor's Energy Office to oversee the program and requires selection of a program administrator to recruit/certify contractors, market the program, and measure energy savings.

Creates a Clean Energy Program Fund with two accounts: a loan buy-down account (to compensate lenders for reduced interest rates) and a loan loss reserve account (to cover uncollectible loans, maintained at 5% of outstanding principal).

Authorizes participating public and private lenders to originate loans to qualified borrowers in three income tiers, with first-tier borrowers (below 80% of area median income) receiving the lowest interest rates.

Requires annual reporting to the Legislature on program administration, number and amount of loans issued by income tier, estimated energy savings, and program status.