Miami-Dade County is collaborating with the South Florida Regional Planning Council to offer a $1.5 million revolving loan programs to any business committing to energy efficiency improvements in Miami-Dade County. Businesses must first send an authorization letter to Florida Power and Light Company (FPL) for an Energy Survey. The Energy Survey will identify baseline energy consumption and areas for energy efficiency improvements. Once the Energy Survey authorization has been sent to FPL, the applicant should send a loan application to sfadmin@sfrpc.com. All applications will be processed by the Loan Administration Board within 60 days.
Loans must be repaid within 3 years and carry an interest rate 2% above the prime rate. Applicants must pay for 10-20% of the project costs with non-loan funds, and must have a credit score of 640 or higher. Applications and more information is available on the program web site.
| Implementing Sector: | Local |
| Category: | Financial Incentive |
| State: | Florida |
| Incentive Type: | Loan Program |
| Web Site: | http://www.sfrpc.com/REEL.htm |
| Administrator: | South Florida Regional Planning Council |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
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| Maximum Loan: | $100,000 |
| Loan Term: |
Interest Rate: 2% more than prime rate Term Length: 3 years Equity Match: 10-20% |
| Name: | Cheryl Cook |
| Organization: | South Florida Regional Planning Council |
| Address: |
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| Email: | cherylc@sfrpc.com |
| Name: | Bob Cambric |
| Organization: | South Florida Regional Planning Council |
| Address: |
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| Email: | bcambric@sfrpc.com |
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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