Energy Loan Fund (Ohio)
(Redirected from Energy Loan Fund)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Energy Loan Fund|
|Incentive Type||State Loan Program|
|Applicable Sector||Commercial, Industrial, Nonprofit, Schools, Local Government, Construction, State Government, Institutional|
|Eligible Technologies||Photovoltaics, Landfill Gas, Hydroelectric|
|Energy Category|| Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs
|Start Date|| 2011-12-15
|Funding Source|| DOE State Energy Program, Advanced Energy Fund, and ARRA Funds
|Maximum Incentive|| 1 million
|Terms||15% minimum reduction in energy use resulting from projects|
|Program Administrator||Ohio Development Services Agency|
Note: The application period for the Energy Loan Fund will begin again on March 1, 2015. Interested applicants should email firstname.lastname@example.org to be notified when the application is available.
The Energy Loan Fund provides low-cost financing for energy efficiency and renewable energy improvements to Ohio-based businesses with less than 500 employees, manufacturers enrolled in the Energy Efficiency Program for Manufacturers, nonprofits, and public entities. For further information regarding eligibility, please view the Program Guidelines and Application Process.
The typical loan limit is $1 million, but the Ohio Development Services Agency reserves the right to increase these limits on a case-by-case basis.
The applications must demonstrate a minimum 15 percent reduction in energy use 15as a result of the project. Other evaluation criteria include the application’s completeness, whether application meets the requirements of applicable state and/or federal funding sources, type of eligible technologies utilized and the extent of energy savings achieved as a result of the project, extent of job creation and improvement in environmental quality as a result of the project, extent of match investment in the project, the project readiness and timeline to complete project by deadline of certain funding sources, applicant’s need for financial assistance to complete project, and the advancement of the mission of the Office of Energy.
The pre-application review process takes from 7 to 10 days and a final resopnse should occur within 45 days.
The Energy Loan Fund is managed by the Ohio Development Services Agency. Funding is provided through the Ohio Advanced Energy Fund and the Federal State Energy Program.
|Contact Name||General Information|
|Department||Ohio Development Services Agency|
|Address||77 South High Street, 26th Floor|
|Address 2||PO Box 1001|
|Phone|| (866) 728-6749
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