Indiana's Industrial Energy Efficiency Fund (IEEF) was created in 1990 with the purpose of providing zero-interest loans to businesses attempting to improve their energy efficiency in manufacturing processes. Both new construction projects and the renovation of current structures are eligible for these loans, and to be eligible for this program, projects must result in measurable energy savings and contribute to the state's long-term economic goals. The loans mainly focus on manufacturing process projects, rather than building envelope or other structural improvements. To apply for funds from this program, submit a proposal letter to the Indiana Energy and Recycling Office (ERO), outlining the project, its estimated cost and the projected energy savings. The ERO meets four times a year to review proposals and allows selected projects to submit a formal application. The guidelines detail other necessary steps and components of an application.
|Incentive Type:||Loan Program|
|Administrator:||Indiana Office of Energy Development|
|Eligible Renewable/Other Technologies:||Processing and Manufacturing Equipment,Custom/Others pending approval|
|Maximum Loan:||$500,000 or 50% of eligible costs, whichever is less|
|Loan Term:||0% interest; maximum loan term of 7 years|
|Name:||IN Energy Efficiency General Information|
|Organization:||Indiana State Government|
One North Capitol, Suite 700
Indianapolis IN 46204
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.
Copyright © 2023 EnergyBot • All rights reserved.
1601 Bryan St Suite 900, Dallas, TX 75201