Energy Efficiency Loan Fund
Energy Efficiency Loan Fund
The Energy Efficiency Loan Fund (EELF) is a $200,000 revolving loan fund established through funds from the U.S. Department of Energy. Its purpose is to help finance energy improvements in buildings owned or leased by commercial businesses, non-profits, and multi-tenant facility management groups. The projects that receive loans will be those seeking to fund innovative energy efficiency projects that significantly reduce greenhouse gas emissions.
Eligible Projects
The EELF is for Dubuque-based businesses to help reduce their energy consumption through greater efficiency. Activities eligible for funding include:
• Electrical systems and components including lighting and energy management systems.
• Mechanical systems and components including HVAC and hot water.
• Information technology energy efficiency upgrades.
• Efficient windows that result in energy savings for the facility.
• Solar panel installation may be considered on a case-by-case basis on buildings built after 1965. Please contact Matt Specht for more information.
• Energy efficient equipment upgrades/purchases may be considered on a case-by-case basis. Please contact Matt Specht for more information.
Advantages
Short term - based on your energy efficiency improvement, maximum 5 year term
Low interest rate - 1%
Lending Parameters
$25,000 Maximum loan size
Personal Guarantee required
Approval of the EELF review committee
Click Here to Download an FAQ sheet
