The Iowa Economic Development Authority in partnership with the Iowa Area Development Group (IADG) is offering Iowa businesses and industries a low-interest financing option for energy efficiency improvements, renewable energy projects, energy management, and implementation plans. The establishment of the IADG Energy Bank Revolving Loan Fund is intended to provide an ongoing source of low interest financing for the implementation of cost-effective projects that will save energy and money, improve facilities and processes, and enhance job creation and profitability.
| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Iowa |
| Incentive Type: | Loan Program |
| Web Site: | http://www.iadg.com/services/financial-assistance/iadg-energy-bank.aspx |
| Administrator: | Iowa Economic Development Authority and Iowa Area Development Group |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
|
| Maximum Loan: | $300,000 |
| Loan Term: |
Origination fee: 1% of loan amount which can be financed Servicing Fee: No servicing fee, electronic payments required Term: Up to 10 years |
| Interest Rate: | 1% |
| Name: | Bruce Nuzum |
| Organization: | Iowa Area Development Group |
| Address: |
2600 Grand Avenue, Suite 430 Des Moines IA 50312 |
| Phone: | (800) 888-4743 |
| Email: | bnuzum@iadg.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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