ODOD - Business and Institutional Loans (Ohio)

From Open Energy Information


Last modified on May 23, 2011.

Financial Incentive Program

Place Ohio

Name ODOD - Business and Institutional Loans
Incentive Type State Loan Program
Applicable Sector Commercial, Industrial, Institutional
Eligible Technologies Lighting, Lighting Controls/Sensors, Energy Mgmt. Systems/Building Controls, Building Insulation, Comprehensive Measures/Whole Building, Custom/Others pending approval, CHP/Cogeneration
Active Incentive No
Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs
Amount 10,000 - 250,000

Funding Source System Benefits Charge

Maximum Incentive 250,000

Terms Interest rate reduction up to 50%; 5 year term
Program Administrator Ohio Department of Development
Website http://www.odod.state.oh.us/cdd/oee/ELFQandA.htm#10

References DSIRE[1]


The Ohio Department of Development and the Office of Energy Resources Division offers a Business and Institutional Loan for qualifying projects from Ohio businesses and institutions. Through a linked deposit, the ODOD and OERS will buy down the interest rate for energy efficiency projects, up to a maximum of $250,000 at a 50% reduced interest rate.

In order to qualify, the project must have an energy payback of 5 year or less, reduce energy costs by at least 15% and the expected life of the project must last longer than the energy payback. Applicants apply for a loan from a participating lender and apply to the OERS for project approval.

The program is funded through the Ohio System Benefits Charge; only customers who are in the service area of AEP, Cinergy, First Energy, Dayton Power and Light and Monongahela/Allegheny Power are eligible for this program. Contact the Program Coordinator below for more information on the Loan Program or for a list of qualified lenders.

Incentive Contact

Contact Name Carolyn Seward
Department Ohio Department of Development
Division Office of Energy Efficiency
Address 77 South High Street, 26th Floor
Address 2 PO Box 1001
Place Columbus, Ohio
Zip/Postal Code 43216-1001
Phone (614) 466-4053
Phone 2 (800) 848-1300
Email ELF@odod.state.oh.us
Website http://development.ohio.gov/Energy/default.htm

  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]


  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"