The Energy Infrastructure Revolving Loan Program (EIRLP) was established in 2021 by legislation (S.F. 619) as a replacement for the previous Alternate Energy Revolving Loan Program
The program offers low-interest financing for innovative energy infrastructure projects. The program handbook provides examples of eligible technology and project types; the examples are intended to be illustrative, not exhaustive.
Projects must serve one or more of seven listed project purposes in order to qualify. These purposes are: 1) electric or gas generation, transmission, storage, or distribution; 2) electric grid modernization; 3) energy sector workforce development; 4) emergency preparedness for rural and underserved areas; 5) expansion of biomass, biogas, and renewable natural gas; 6) innovative technologies; and 7) development of infrastructure for alternative fuel vehicles.
The program is accepting applications on a quarterly basis, with no more than $10 million to be distributed each quarter.
Quarterly application deadlines for 2023 are April 13, July 12, and October 19.
| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Iowa |
| Incentive Type: | Loan Program |
| Web Site: | https://www.iowaeda.com/iowa-energy-office/energy-loans/ |
| Administrator: | Iowa Economic Development Authority |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
|
| Maximum Loan: | $2.5 million and no more than 75% of project cost |
| Loan Term: | No more than 15 years; typically 5 to 10 years |
| Interest Rate: | 2% |
| Name: | S.F. 619 |
| Effective Date: | 07/01/2021 |
| Name: | Stephanie Weisenbach |
| Organization: | Iowa Economic Development Authority |
| Address: |
1963 Bell Ave. Suite 200 Des Moines IA 50315 |
| Phone: | (515) 348-6221 |
| Email: | Stephanie.Weisenbach@iowaeda.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.
Copyright © 2023 EnergyBot • All rights reserved.
1601 Bryan St Suite 900, Dallas, TX 75201
