U.S. Department of Energy - Loan Guarantee Program (Federal)
Last modified on December 17, 2014.
Financial Incentive Program
|Name||U.S. Department of Energy - Loan Guarantee Program|
|Incentive Type||Federal Loan Program|
|Applicable Sector||Commercial, Industrial, Nonprofit, Schools, Local Government, State Government, Agricultural, Institutional, Any non-federal entity, Manufacturing Facilities|
|Eligible Technologies||Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Wind, Biomass, Hydroelectric, Geothermal Electric, Fuel Cells, Daylighting, Tidal Energy, Wave Energy, Ocean Thermal, Biodiesel, Fuel Cells using Renewable Fuels, Yes; specific technologies not identified|
|Energy Category||Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs|
|Amount||Varies (program focuses on projects with total project costs over 25 million)|
|Maximum Incentive||Not specified|
|Terms||Full repayment is required over a period not to exceed the lesser of 30 years or 90% of the projected useful life of the physical asset to be financed|
|Program Administrator||U.S. Department of Energy|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
Section 1703 requires either an appropriation to cover the Credit Subsidy Cost (the expected long term liability to the Federal Government for providing the loan guarantee), or payment of the Credit Subsidy Cost by the borrower. A credit-based interest rate spread will be added to certain loans receiving a 100% loan guarantee from DOE and financing from the Federal Financing Bank. Rates and more information are available here.
|Contact Name||Public Information - DOE|
|Department||U.S. Department of Energy|
|Address||1000 Independence Avenue, SW|
|Place||Washington, District of Columbia|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||42 USC § 16511 et seq.|
|Authority 2:||10 CFR 609|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.