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Funding Resources
Funding Resources
| MN Value-Added Stock 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 | The Minnesota Legislature established the Value-Added Stock Loan Program in 1994 to help farmers finance the purchase of stock in wind energy or anaerobic digestion projects. Under the program, The Rural Finance Authority (RFA) may participate on a loan up to 45% of the loan principal, to a maximum of $200,000. The interest rate on the RFA portion of the loan is either the lesser of a fixed rate of 4.0 percent or the lender's APR at the time of closing. To be eligible, an applicant must have a total net worth of less than $398,000 (as of 2008, indexed for inflation), including the assets and liabilities of the applicant's spouse and children. |
| Start Date | 1/1/1994 |
| End Date |
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| Minimum Efficiency(%) |
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| Additional Information | * This program has no specified expiration date. |
| Web Site |
http://www.mda.state.mn.us/grants/loans/stockloan.htm  |
| Additional Web Site |
http://www.dsireusa.org/library/includes/ incentive2.cfm?Incentive_Code=MN04F&state=MN&CurrentPageID=1&RE=1&EE=1 |
| Primary Contact |
Gary Blahosky 625 Robert Street North St. Paul, MN 55155 U.S.A. Gary Blahosky (gary.blahosky@state.mn.us) 651) 201-6666 (651) 296-9388 |