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Funding Resources
Funding Resources
| MN Energy Investment Loan Program | |
|---|---|
| Type of Incentive | Loan |
| Eligible States | MN |
| Eligible Technology | Backpressure Turbine, Boiler, Combustion Turbine, Condensing Turbine, Extracting Turbine, Fuel Cell, Microturbine, Other, Reciprocating Engine, Heat Recovery Generator, Stirling Engine |
| Eligible Fuel | Biogas, Biomass, Other |
| Eligible Project Size | All (MW) |
| Number of Awards |
|
| Size of Award | Minnesota cities, counties, townships, hospitals and K-12 schools are eligible for the Energy Investment Loan Program that will buy down up to 50% of the loan principle at 0% interest for renewable energy, energy efficiency or energy conservation projects up to $500,000. To qualify, the project must have a simple payback of 10 years or less and be in an existing building. The program is designed as an $8 million revolving loan fund with no set expiration date. If the $8 million fund is fully utilized, additional projects must wait for loan commitments to expire before additional funds are made available. |
| Start Date | 1/1/1983 |
| End Date |
|
| Minimum Efficiency(%) |
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| Additional Information | A loan application must include a technical analysis for each proposed energy-saving capital improvement. Projects involving energy efficiency and energy-conservation measures, especially lighting retrofits, are most commonly supported, but renewable-energy projects are eligible and have been funded. |
| Web Site | http://www.revisor.leg.state.mn.us/arule/7606/  |
| Additional Web Site | http://www.dsireusa.org/library/includes/ incentive2.cfm?Incentive_Code=MN13F&state=MN&CurrentPageID=1&RE=1&EE=1 |
| Primary Contact | Jeremy deFiebre 85 7th Place East Suite 600 St. Paul, MN 55101 U.S.A. Jeremy deFiebre (jeremy.defiebre@state.mn.us) (651) 297-1221 (651) 297-7891 |