Renewable Fuel Fund (Iowa)
Last modified on May 23, 2011.
Financial Incentive Program
|Name||Renewable Fuel Fund|
|Incentive Type||State Loan Program|
|Applicable Sector||Commercial, Industrial|
|Eligible Technologies||Biomass, Ethanol, Biodiesel|
|Energy Category||Renewable Energy Incentive Programs|
|Amount||20% forgivable loan, 80% traditional loan|
|Terms||Interest rate typically below prime rate|
|Program Administrator||Iowa Department of Economic Development|
The Renewable Fuel Fund is one of two separate programs under the Value-Added Agricultural Products and Processes Financial Assistance Program. This value-added program combines forgivable and traditional loans. Approximately 20% of the money awarded to the project is in the form of a forgivable loan and the remaining 80% is a low-interest loan. The interest rate on the loan is typically lower than prime rate. Research and development projects are not eligible for this program. Past funded projects include ethanol plants, soybean processing plants and biodiesel from soybeans. The maximum amount per project is $520,000.
|Contact Name||Joe Jones|
|Department||Iowa Department of Economic Development|
|Division||Bureau of Business Finance|
|Address||200 E. Grand|
|Place||Des Moines, Iowa|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.