The California Energy Commission is providing financing to the agricultural and food processing industries to purchase proven cost-effective energy efficient and renewable emerging technologies. Loans of up $500,000 are available with a fixed interest rate of 3.2%. The Energy Commission's Public Interest Energy Research (PIER) Program and the U.S. Department of Energy examined several technologies and subjected them to comprehensive research, development and demonstration efforts under commercial working conditions. These efforts revealed several emerging technologies applicable to the agricultural and food processing industries which show great promise for reducing energy consumption in a cost-effective way. These technologies include thermal heat pumps, electrodialysis membrane systems, enterprise energy management systems, heating and cooling topping cycle systems, ultra-low NOx controlled energy efficient burners, solar photovoltaic (PV) and solar thermal systems, utilization of food and animal waste for bio-energy generation. These are the only technologies which can receive funding through this program. Eligible business entities include food and fiber processing, animal feeding and processing, breweries, wineries, creameries, irrigation districts and agricultural production. More restriction apply; see the program guidelines for complete details.
|Incentive Type:||Loan Program|
|Administrator:||California Energy Commission|
|Eligible Renewable/Other Technologies:||
Fixed rate of 3.2% for the life of loan
Maximum repayment term of 7 years
1516 Ninth Street, MS-1
Sacramento CA 95814-5512
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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