Alternative Energy Revolving Loan Program
| Eligible States | IA |
| Type | Loan |
| Area of Interest | Renewable Energy |
| Description |
An Alternative Energy Revolving Loan can provide up to 50 percent of a project's financed costs up to $1 million. Remaining funds must be obtained from a commercial lender chosen by the applicant. Borrowers repay these zero-interest loans over a maximum of 20 years. |
| Eligible Organizations | Livestock Producer, Commercial/Industrial Business, Residential, Small Business |
| How to Apply | Technical applications for projects with a total financed capital cost of $50,000 or less are reviewed on a continuous basis. Higher cost projects are reviewed on a quarterly basis according to the following deadlines: October 31, January 31, April 30, and July 31. Utilities that are not required to be rate regulated are not eligible. |
| For More Information | http://www.iowaenergycenter.org/alternate-energy-revolving-loan-program-aerlp  |
| Primary Contact | Bill Haman Iowa State University, Iowa Energy Center 2521 Elwood Drive Suite 124 Ames, IA 50010-8229 (515) 294-8819 iec@energy.iastate.edu |