IADG Energy Bank Revolving Loan Program (Iowa)
Last modified on December 17, 2014.
Financial Incentive Program
|Name||IADG Energy Bank Revolving Loan Program|
|Incentive Type||State Loan Program|
|Applicable Sector||Commercial, Industrial|
|Eligible Technologies||Lighting, Lighting Controls/Sensors, Chillers, Furnaces, Boilers, Heat pumps, Central Air conditioners, Building Insulation, Windows, Doors, Processing and Manufacturing Equipment, CHP/Cogeneration, Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Photovoltaics, Wind, Biomass, Hydroelectric, Geothermal Heat Pumps, CHP/Cogeneration, Small Hydroelectric, LED Lighting|
|Energy Category||Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs|
|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
|Program Administrator||Iowa Economic Development Authority and Iowa Area Development Group|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
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.
|Contact Name||Bruce Nuzum|
|Department||Iowa Area Development Group|
|Address||2700 Westown Pkwy|
|Address 2||Suite 425|
|Place||West Des Moines, Iowa|
|Phone|| (515) 223-4817
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.
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