Renewable Energy Facilities Revolving Loan Fund (Delaware)

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Last modified on February 12, 2015.

EZFeed Policy

Place Delaware


   
Applies to States or Provinces Delaware
Name Renewable Energy Facilities Revolving Loan Fund (Delaware)
Policy Category Financial Incentive
Policy Type Loan Program
Affected Technologies Biomass/Biogas, Concentrating Solar Power, Fuel Cells, Geothermal Electric, Solar Photovoltaics, Wind energy
Active Policy Yes

Implementing Sector State/Province











Funding Source U.S. Department of Commerce, Delaware Strategic Fund















Program Administrator Delaware Economic Development Office
Primary Website http://www.energizedelaware.org/Efficiency-Plus-Business-Program/



Last Review 2014-09-15



Summary

Renewable Energy Facilities Revolving Loan Fund provides loans at market to below-market interest rates to businesses that cannot otherwise obtain capital, provided that those businesses will create or retain jobs in industries that promote energy efficiency and/or recycling. The new fund was made possible with a $500,000 grant from the U.S. Department of Commerce, which was matched by the Delaware Strategic Fund.

Loan proceeds can only be used for the following: manufacturing, integrating, fabricating and assembling alternative energy equipment in the State of Delaware. Alternative energy equipment is defined as wind, solar, geothermal, fuel cells, and biomass.



Policy Contact

Contact Name Bernice Whaley
Department Delaware Economic Development Office








Email Bernice.Whaley@state.de.us

     
     


















References