SIRF: Tier Two and Three Loans
Tier Two Fund Matching and Efficiency Loan
Tier Two loans are medium-scale, capital-improvement initiatives that return a project’s costs to SIRF within six years or less. The loans are ideal for departments upgrading or renovating space to improve efficiency and reduce carbon emissions.
Tier Two loans require that the department match the funds of the proposed investment and share in the return generated. To apply for a Tier Two loan, please complete the following steps:
Tier Three Capital Expansion Loan
Tier Three loans include large-scale initiatives that make a significant and measurable sustainability impact and return a project’s costs within ten years or less. These loans target strategic external and internal partnerships that reduce carbon emissions.
To apply for a Tier Three loan, please complete the following steps:
Previous Tier Two and Three loan recipients
| Tier Two project recipients | |||
|---|---|---|---|
| Project title | Description | SIRF investment | Annual energy savings |
| Sun Devil Fitness Complex field LED lighting | Sun Devil Fitness uses the complex field on the ASU Tempe campus for athletic and intramural activities. The project replaced 212 high-intensity discharge lights with 172 lower-wattage LED fixtures. The energy saved by the LED lights is enough electricity to power about 14 Arizona homes in a year. Sun Devil Fitness matched SIRF's contribution. | $250,599 | $45,688 or 169,620 kWh |
| Band practice field LED lighting | Sun Devil Fitness uses the band practice field lights seven days a week for athletic and intramural activities. The project replaced 156 high-intensity discharge field lights with 60 LED fixtures. The LED technology should last over 30 years before replacement. Sun Devil Fitness matched SIRF's contribution. | $118,950 | $20,591 or 284,344 kWh |
| Tier Three project recipients | |||
|---|---|---|---|
| Project title | Description | SIRF investment | Annual energy savings |
| Mercado HVAC replacement | This project replaced 54 heating, ventilation and air conditioning units in the Mercado complex on the ASU Downtown Phoenix campus. All units improved by at least seven Seasonal Energy Efficiency Ratio ratings. | $419,579 | $69,675–75,520 or 540,958–586,340 kWh |
| University Center Building LED lighting | This project upgraded lighting in the University Center Building on the ASU West Valley campus. The LED lighting provides a 72.5% reduction in energy use and saves $32,576 a year. | $209,831 | $33,576 or 375,529 kWh |
SIRF committee
The SIRF committee is composed of ASU senior management who approves project requests. The SIRF committee establishes the minimum financial goals the tier-two and three projects must meet for funding approval. ASU incorporates each project’s yearly savings into its annual and multi-year fiscal plans.
General Information
Please email SIRF or call the Office of Planning and Budget at 480-965-5747 for more information on how you can apply or become involved with the program.