Miami-Dade County - Renovation for Energy Efficiency Loan (REEL) Program

September 29, 2011


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 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.

Program Overview

Implementing Sector: Local
Category: Financial Incentive
State: Florida
Incentive Type: Loan Program
Web Site:
Administrator: South Florida Regional Planning Council
Start Date:
Eligible Renewable/Other Technologies:
  • Yes; specific technologies not identified
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
Name: Bob Cambric
Organization: South Florida Regional Planning Council

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.