Clean Energy Manufacturing Revolving Loan Fund (Wisconsin)

From Open Energy Information

Summary

Last modified on December 17, 2014.

Financial Incentive Program

Place Wisconsin


Name Clean Energy Manufacturing Revolving Loan Fund
Incentive Type Local Loan Program
Applicable Sector Manufacturing
Eligible Technologies Biomass, Anaerobic Digestion
Active Incentive Yes
Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs
Amount 250,000 - 1,000,000






Funding Source Clean Energy Manufacturing Revolving Loan Fund



Maximum Incentive 1,000,000





Terms Compliance with all applicable federal regulations and program guidance

Recipients must be Wisconsin businesses
Project must be in a facility or plant located in Wisconsin
Applicant must provide greater than 50 percent of total project cost
Loan funds can only be used for purchase of equipment that was not purchased prior to the date the loan was awarded
Project completion will be expected within 18 months of the award date

Program Administrator The Wisconsin Economic Development Corporation and The Wisconsin Department of Administration
Website http://inwisconsin.com/grow-your-business/programs/cleanenergy/


References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


Summary

Note: Applications must be submitted by 5 PM December 8, 2014.


The Wisconsin Economic Development Corporation and The Wisconsin Department of Administration are offering private sector businesses eligible for low interest loans up to $1,000,000 from the CERLF for projects that fulfill any of the following objectives:


  • Increasing energy efficiency through the reduction of industrial/manufacturing facility use of fossil fuels
  • Eliminating or reducing waste products through conversion to feedstock for energy production
  • Producing biogas

The loan will carry an interest rate of 2% from date of disbursement up to seven years or life expectancy of the equipment being finances, whichever is less. Match must be at least 51% of Total Project Cost. The envrionmental Impact of the project is considered.


Other cost-effective energy reduction or clean energy projects will also be considered for funding through the $7 million CERLF fund.


Visit the program website for details on how to apply.

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  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency" Cite error: Invalid <ref> tag; name "DSIRE" defined multiple times with different content