(1) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the office shall make rules to determine:
(a) eligibility for a loan; and
(b) priorities among energy efficiency projects.
(2) When making a rule to determine priorities among energy efficiency projects, the office may consider the following:
(a) possible additional sources of revenue;
(b) feasibility and practicality of an energy efficiency project;
(c) energy savings;
(d) annual energy cost savings;
(e) projected energy cost payback;
(f) financial need of the public facility owner;
(g) environmental and other benefits to the state and local community; and
(h) availability of federal funds.