Community Wind Loan Program

February 06, 2013


The Arrowhead Regional Development Commission (ARDC) and the Northland Foundation have partnered to offer a revolving loan program for the development of community-based wind in the Arrowhead region of Minnesota. The program is part of the Rural Energy Development Initiative, which is sponsored by the State of Minnesota. Projects must be located in the Northeast counties of Minnesota, including Koochiching, Itasca, Aitkin, Carlton, St. Louis, Lake, and Cook counties.

Loan financing is limited to early stage project development and feasibility analysis for wind projects that intend to sell electricity to an electric utility. Eligible costs include:

  • Early stage project feasibility study expenses
  • Preliminary wind resource assessments
  • Meteorological data analysis and/or related equipment costs
  • Environmental, engineering, and geotechnical analysis/consulting
  • Accounting, finance, and other professional services consulting

Interested parties should sent a letter of interest describing the project to Bonnie Hundrieser (contact information listed below).

Program Overview

Implementing Sector: State
Category: Financial Incentive
State: Minnesota
Incentive Type: Loan Program
Web Site:
Administrator: Arrowhead Regional Development Commission
Start Date: 2009
Eligible Renewable/Other Technologies:
  • Wind (All)
  • Wind (Small)
Maximum Loan: $25,000
$7,500 for projects less than 2 MW nameplate capacity
Loan Term: Borrower must match loan amount
1% interest rate
Loan maturity limited to 48 months
Repayment may be deferred until maturity, but annual payment of accrued interest is required


Name: Bonnie Hundrieser
Phone: (218) 529-7527

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.