Alliant Energy Interstate Power and Light (Gas and Electric) - Low Interest Energy Efficiency Loan Program (Minnesota)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Alliant Energy Interstate Power and Light (Gas and Electric) - Low Interest Energy Efficiency Loan Program|
|Incentive Type||Utility Loan Program|
|Applicable Sector||Agricultural, Commercial, Industrial, Institutional, Residential|
|Eligible Technologies||Agricultural Equipment, Custom/Others pending approval, Processing and Manufacturing Equipment|
|Energy Category||Energy Efficiency Incentive Programs|
|Amount||$1,500 - $25,000|
|Terms|| Rate: 0% - 6.9%|
Repayment: up to 5 years
|Program Administrator||Alliant Energy|
|Date added to DSIRE||2006-06-05|
|Last DSIRE Review||2013-02-18|
| Last Substantive Modification
to Summary by DSIRE
Alliant Energy (Interstate Power and Light - IP&L) offers low-interest financing program for the installation of energy efficient improvements. Businesses, Residences, farms or ag-related businesses are eligible if Alliant Energy supplies the electricity or natural gas on a retail rate basis for the applicable technology. Interest rates for financing range from 0% - 6.9%. The maximum loan amount under this program is $25,000. The Shared Savings Program also offers business customers the ability to purchase high efficiency equipment without any up front costs. IP&L will pay for the cost of the equipment and the customer repays the financing plus administrative fee in 60 equal payments over a five year contract term. Nearly all energy efficient equipment will qualify, but pre-approval from IP&L is required. Contact Alliant Energy for details on financing options.
|Contact Name||Customer Assistance - IPL Commercial Efficiency|
|Address||4902 North Biltmore Lane|
|Address 2||P.O. Box 77007|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.