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Funding Resources
Funding Resources
| NC Energy Improvement Loan Program | |
|---|---|
| Type of Incentive | Loan |
| Eligible States | NC |
| Eligible Technology | Backpressure Turbine, Boiler, Combustion Turbine, Condensing Turbine, Extracting Turbine, Fuel Cell, Microturbine, Other, Reciprocating Engine, Heat Recovery Generator, Stirling Engine |
| Eligible Fuel | # 2 Fuel Oil, # 6 Fuel Oil, Biogas, Biomass, Coal, Hydrogen, LFG, Municipal Solid Waste, Natural Gas, Other, Tire-Derived Fuel, Waste Heat Recovery |
| Eligible Project Size | All (MW) |
| Critical Information | The Energy Improvement Loan Program (EILP) is sponsored by the North Carolina State Energy Office and provides low interest loans to energy efficiency and renewable energy projects for a maximum amount of $500,000. Some renewable energy and energy recycling projects can receive an interest rate of 1 percent; projects that demonstrate energy efficiency, energy cost-savings, or reduced energy demand receive an interest rate of 3 percent. Energy recovery systems, including onsite generation of electricity, premium efficiency boiler and chiller systems, and alternative/renewable energy systems qualify for this loan program. Loan applicants must demonstrate that their project will be located in North Carolina and will use existing, proven reliable, commercially available technologies. Individuals or organizations that receive an EILP loan must pay it back within 10 years. |
| Start Date | 8/1/2002 |
| End Date |
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| Minimum Efficiency (%) |
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| Additional Information | * The program has no mentioned end date. |
| Web Site | http://www.energync.net/funding/eilp.html |
| Primary Contact | Enass Wahby 1830 Tillery Place Raleigh, NC 27604 U.S.A. Enass Wahby (enass.wahby@ncmail.net) (919) 733-1919 |