Industrial Energy Efficiency Fund (Indiana)
Last modified on May 23, 2011.
Financial Incentive Program
|Name||Industrial Energy Efficiency Fund|
|Incentive Type||State Loan Program|
|Applicable Sector||Commercial, Industrial|
|Eligible Technologies||Processing and Manufacturing Equipment, Custom/Others pending approval|
|Energy Category||Energy Efficiency Incentive Programs|
|Amount|| 50% of eligible costs
|Maximum Incentive|| 500,000 or 50% of eligible costs, whichever is less
|Program Budget|| Varies annually
|Terms||0% interest; maximum loan term of 7 years|
|Program Administrator||Indiana Office of Energy Development|
Indiana's Industrial Energy Efficiency Fund (IEEF) was created in 1990 with the purpose of providing zero-interest loans to businesses attempting to improve their energy efficiency in manufacturing processes. Both new construction projects and the renovation of current structures are eligible for these loans, and to be eligible for this program, projects must result in measurable energy savings and contribute to the state's long-term economic goals. The loans mainly focus on manufacturing process projects, rather than building envelope or other structural improvements.
To apply for funds from this program, submit a proposal letter to the Indiana Energy and Recycling Office (ERO), outlining the project, its estimated cost and the projected energy savings. The ERO meets four times a year to review proposals and allows selected projects to submit a formal application. The guidelines detail other necessary steps and components of an application.
|Contact Name||IN Energy Efficiency General Information|
|Department||Indiana State Government|
|Division||Energy and Recycling Office|
|Address||One North Capitol, Suite 700|
|Phone 2|| (800) 382-4631
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.