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Combined Heat and Power Partnership

Energy Loan Fund

Date Last Updated11/16/2012
Incentive TypeLoan
State/FederalOH
Incentive Administrator/Contact OfficeOhio Department of Development (ODOD)
Incentive Initiation Date12/15/2011
Incentive Size and Funding SourceThe Energy Loan Fund is funded by the Advanced Energy Fund and the U.S. Department of Energy State Energy Program, and provides low-cost financing to businesses in Ohio. Interest rates on loans are equal to or less than market rate. Projects must result in a return on investment of 15 years or less. Funds will be awarded to qualifying projects on a first-come, first-served basis until the funds have been depleted.
Eligible RecipientPublic entities, manufacturers and small businesses are eligible for funding, though other applicants will be considered. Priority will be given to projects with an energy savings payback of 1 to 4 years. Projects must result in energy savings of at least 15% and must be installed in Ohio.
Eligible FuelDoes Not Specify
Eligible Project Size (MW)Does Not Specify
Minimum Efficiency Required (%)Does Not Specify
Other Selected Eligibility CriteriaEligible activities include energy retrofits, energy distribution technologies and renewable energy technologies.
Application Form(s)Application Portal
Other Incentive DetailsThere is a $250 application fee. There is also a 1% processing and commitment fee and a 0.25% annual servicing fee for all applicants.
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