Combined Heat and Power Partnership
Energy Loan Fund
| Date Last Updated | 11/16/2012 |
| Incentive Type | Loan |
| State/Federal | OH |
| Incentive Administrator/Contact Office | Ohio Department of Development (ODOD) |
| Incentive Initiation Date | 12/15/2011 |
| Incentive Size and Funding Source | The 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 Recipient | Public 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 Fuel | Does Not Specify |
| Eligible Project Size (MW) | Does Not Specify |
| Minimum Efficiency Required (%) | Does Not Specify |
| Other Selected Eligibility Criteria | Eligible activities include energy retrofits, energy distribution technologies and renewable energy technologies. |
| Application Form(s) | Application Portal |
| Other Incentive Details | There is a $250 application fee. There is also a 1% processing and commitment fee and a 0.25% annual servicing fee for all applicants. |
| Resource Website(s) |
