Industrial Energy Efficiency Fund

Summary

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.