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National Clean Diesel Campaign (NCDC)

Working Together for Cleaner Air

DERA SmartWay Finance Projects

SmartWay Finance Projects (2008-2010)

EPA’s Clean Diesel SmartWay Finance Program issues competitive grants to establish national low-cost revolving loans or other financing programs that help fleets reduce diesel emissions. Particular emphasis is on retrofitting pre-2007 highway vehicles and nonroad equipment with emission control technologies that have been verified or certified by EPA or California Air Resources Board (CARB) .

These projects were funded by Diesel Emissions Reduction Act (DERA) or American Recovery and Reinvestment Act of 2009 (ARRA).

Grouped by year, then listed by state
Year State Fleet(s) Recipient Description EPA Funding
DERA 09-10 DC Freight, Ports Community Development Transportation Lending Services Loan Program Provides incentives to replace older trucks with newer, cleaner trucks equipped with verified emission control and applicable idle reduction technologies. Program focuses on fleet owners who operate in poor air quality areas, including ports and rail yards. $2.6 million
DERA 09-10 MD Freight, Ports Mid-Atlantic Regional Air Management Association Lease/Loan Project Provides incentives to replace drayage trucks operating in the Mid-Atlantic Region by providing a down payment to complement a lease/loan program. $3.92 million
DERA 09-10 OR Freight, Ports Cascade Sierra Solutions Lease Program Creates revolving lease-to-own finance program, focusing on heavy-duty diesel trucks in long-haul, short-haul and drayage applications. Funding can be used to replace older trucks with newer, cleaner trucks, as well as to retrofit existing vehicles with verified emission control and idle reduction technologies. $2 million
DERA 09-10 TN Freight Southern Alliance for Clean Energy Loan Guarantee Creates "Clean Trucks Make Cents" program, providing loan guarantees for the purchase of used pre-2007 on-highway vehicles that have been retrofitted with verified emission control and idle reduction technologies. $5 million
ARRA 2009 CA Agriculture, Construction, Ports California Air Resources Board (CARB) Offers an innovative finance program for nonroad small fleet retrofits. This program uses EPA funding as a loan guarantee to leverage loan funds via California’s Providing Loan Assistance for California Equipment (PLACE) finance program. $5 million
ARRA 2009 KY Agriculture, Construction, Ports Louisville Jefferson County Metro Government Offers low-interest loans for nonroad diesel equipment retrofits, repowers and replacements. Targets businesses within Jefferson County; equipment can be commercial, construction or industrial. $2 million
ARRA 2009 NY School Bus National Association for Pupil Transportation (NAPT) Reduces local school districts’ monthly lease payments for the repowering of 175 or more school buses with compressed natural gas (CNG) engines. $5 million
ARRA 2009 OR Freight Cascade Sierra Solutions (CSS) Creates a national revolving loan program for heavy-duty diesel trucks to save fuel and reduce emissions. The program includes leases for truck replacements, retrofits, repowers, idle reduction technology, aerodynamic technology, and/or low rolling resistance tires $9 million
ARRA 2009 TX Freight Houston-Galveston Area Council (HGAC) Establishes a Bridge Loan (revolving loan) program to help drayage (regional and short haul) owner-operators and related small businesses purchase and operate cleaner more fuel efficient trucks at the Port of Houston and Greater Houston-Galveston area. $9 million
DERA 2008 DC Freight Community Development Transportation Lending Services (CDTLS) This project will create a revolving loan program. CDTLS will work with truck dealerships to offer low interest loans, ranging from 5.5% - 8.5%, and longer loan payback periods, ranging from three to six years, to qualified applicants who wish to purchase used trucks that are upgraded with SmartWay fuel savings idle reduction and/or emission reduction technology. The goal is to lend funds for the purchase of over 200 used trucks with complete SmartWay upgrades. $1.13M
DERA 2008 MO Freight Owner-Operator Independent Drivers Association (OOIDA) The association will offer a financing package that includes below-market financing and rebates for emission reduction and idle reduction equipment on their trucks. OOIDA will also use the EPA funds as a security interest for their line of credit, which will allow them to offer loans to applications with lower FICO scores. $1.13M
DERA 2008 OR Freight Cascade Sierra Solutions The EPA funds will serve as a security interest allowing Cascade Sierra Solutions to substantially expand its line of credit to $17.1 million that it will use to provide below-market interest rates loans. These loans will allow truck owners to install and lease SmartWay fuel saving technologies or EPA or CARB-verified emission reduction technologies. The goal is to install emission reduction technology and idle reduction technology on 1,700 trucks. $1.13M

This information is based on each grant recipient's proposed loan/lease program and is subject to change.

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