Energy Loan Fund (Ohio)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Ohio

Name Energy Loan Fund
Incentive Type State Loan Program
Applicable Sector Commercial, Industrial, Nonprofit, Schools, Local Government, Construction, State Government, Institutional
Eligible Technologies Photovoltaics, Landfill Gas, Hydroelectric
Active Incentive Yes

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs








Start Date 2011-12-15


Funding Source DOE State Energy Program, Advanced Energy Fund, and ARRA Funds




Maximum Incentive 1 million









Terms 15% minimum reduction in energy use resulting from projects
Program Administrator Ohio Development Services Agency
Website http://development.ohio.gov/bs/bs_energyloanfund.htm
Date added to DSIRE 2011-12-20
Last DSIRE Review 2014-11-03



References DSIRE[1]


Summary

Note: The application period for the Energy Loan Fund will begin again on March 1, 2015. Interested applicants should email energy@development.ohio.gov to be notified when the application is available.


The Energy Loan Fund provides low-cost financing for energy efficiency and renewable energy improvements to Ohio-based businesses with less than 500 employees, manufacturers enrolled in the Energy Efficiency Program for Manufacturers, nonprofits, and public entities. For further information regarding eligibility, please view the Program Guidelines and Application Process.


The typical loan limit is $1 million, but the Ohio Development Services Agency reserves the right to increase these limits on a case-by-case basis.


The applications must demonstrate a minimum 15 percent reduction in energy use 15as a result of the project. Other evaluation criteria include the application’s completeness, whether application meets the requirements of applicable state and/or federal funding sources, type of eligible technologies utilized and the extent of energy savings achieved as a result of the project, extent of job creation and improvement in environmental quality as a result of the project, extent of match investment in the project, the project readiness and timeline to complete project by deadline of certain funding sources, applicant’s need for financial assistance to complete project, and the advancement of the mission of the Office of Energy.


The pre-application review process takes from 7 to 10 days and a final resopnse should occur within 45 days.


The Energy Loan Fund is managed by the Ohio Development Services Agency. Funding is provided through the Ohio Advanced Energy Fund and the Federal State Energy Program.


For more information visit the program website or read the frequently asked questions.


Incentive Contact

Contact Name General Information
Department Ohio Development Services Agency

Address 77 South High Street, 26th Floor
Address 2 PO Box 1001
Place Columbus, Ohio
Zip/Postal Code 43216-1001
Phone (866) 728-6749


Email energy@development.ohio.gov

     
     


  • 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"