Revolving Energy Loans for Arizona (RELA) Program (Arizona)
Last modified on May 23, 2011.
Financial Incentive Program
|Name||Revolving Energy Loans for Arizona (RELA) Program|
|Incentive Type||State Loan Program|
|Applicable Sector||Commercial, Industrial|
|Eligible Technologies||Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Photovoltaics, Wind, Biomass, Hydroelectric, Renewable Transportation Fuels, Geothermal Electric, Municipal Solid Waste|
|Energy Category||Renewable Energy Incentive Programs|
|Maximum Incentive||10,000 to 500,000|
|Program Administrator||Arizona Department of Commerce|
The Revolving Energy Loans for Arizona (RELA) Program is offered by the Department of Commerce for companies that either manufacture renewable energy, alternative energy, or energy conserving equipment or acquire such equipment for use in their own processes. Manufacturers can qualify for the loan only if they have at least two years operating experience in Arizona. Loan requests may range from $10,000 to $500,000, up to a maximum of 75% of total project costs. Fixed interest rates are 5% for conservation or retrofit projects and manufacturing. Projects must have seven years simple payback or less.
|Contact Name||Patty Duff|
|Department||Arizona Department of Commerce|
|Address||3800 North Central, Suite 1200|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.