State tax incentives also can help reduce the cost of making the switch, and regulators this year approved an Oklahoma Natural Gas rebate program that applies to conversions and home-fueling stations.
CNG Interstate in Edmond converts vehicles to run on natural gas. President Craig Wright said the loan programs will help more people and businesses benefit from switching to natural gas.
“The long-term economic benefits of CNG conversion are obvious, but up-front costs can be a deterrent for some people and businesses,” Wright said. “I'm encouraged that our local bank and credit union are offering such great financing options for families and businesses who want to grab the future today.
“I'm proud to join with these Oklahoma businesses as we promote an Oklahoma solution to America's dependence on foreign oil.”