IADG Energy Bank Revolving Loan Program

This is the approved revision of this page, as well as being the most recent.
Jump to: navigation, search


Last modified on February 12, 2015.

Financial Incentive Program

Place Iowa

Name IADG Energy Bank Revolving Loan Program
Incentive Type State Loan Program
Applicable Sector Commercial, Industrial
Eligible Technologies Boilers, Building Insulation, Central Air conditioners, Chillers, Doors, Furnaces, Heat pumps, Lighting, Lighting Controls/Sensors, Processing and Manufacturing Equipment, Windows, LED Exit Signs, CHP/Cogeneration, Biomass, CHP/Cogeneration, Geothermal Heat Pumps, Hydroelectric, Passive Solar Space Heat, Photovoltaics, Small Hydroelectric, Small Wind, Solar Space Heat, Solar Thermal Electric, Solar Water Heat, Wind, LED Lighting
Active Incentive Yes

Implementing Sector State/Territory
Energy Category Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs
Amount $50,000-$500,000

Funding Source American Recovery and Reinvestment Act (ARRA)

Maximum Incentive $500,000

Terms 1% or higher interest rate

Origination fee: 1% of loan amount which can be financed
Servicing Fee: No servicing fee, electronic payments required
Term: Up to 10 years

Program Administrator Iowa Economic Development Authority and Iowa Area Development Group
Website http://www.iadg.com/services/financial-assistance/iadg-energy-bank.aspx

Last DSIRE Review 2013-04-26

Incentive Source The given value was not understood.


The Iowa Economic Development Authority in partnership with the Iowa Area Development Group (IADG) is offering Iowa businesses and industries a low interest financing option for energy efficiency improvements, renewable energy projects, energy management and implementation plans. The establishment of the IADG Energy Bank Revolving Loan Fund is intended to provide an ongoing source of low interest financing for the implementation of cost effective projects that will save energy and money, improve facilities and processes, and enhance job creation and profitability.

Incentive Contact

Contact Name Bruce Nuzum
Department Iowa Area Development Group

Address 2700 Westown Pkwy
Address 2 Suite 425
Place West Des Moines, Iowa
Zip/Postal Code 50266
Phone (515) 223-4817

Email bnuzum@iadg.com
Website http://www.iadg.com/services/financial-assistance/iadg-energy-bank.aspx

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


  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"