The Renewable Fuel Fund is one of two separate programs under the Value-Added Agricultural Products and Processes Financial Assistance Program. This value-added program combines forgivable and traditional loans. Approximately 20% of the money awarded to the project is in the form of a forgivable loan and the remaining 80% is a low-interest loan. The interest rate on the loan is typically lower than prime rate. Research and development projects are not eligible for this program. Past funded projects include ethanol plants, soybean processing plants and biodiesel from soybeans. The maximum amount per project is $520,000.
| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Iowa |
| Incentive Type: | Loan Program |
| Web Site: | http://www.energy.iastate.edu/renewable/incentives/ |
| Administrator: | Iowa Department of Economic Development |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
|
| Maximum Loan: | $520,000 |
| Loan Term: | Interest rate typically below prime rate |
| Name: | Joe Jones |
| Organization: | Iowa Department of Economic Development |
| Address: |
200 E. Grand Des Moines IA 50309 |
| Phone: | (515) 242-4801 |
| Email: | joe.jones@ided.state.ia.us |
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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