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Clean Energy Business Loan Program (Wisconsin)
Incentive/Active false  +
Incentive/Amt Varies  +
Incentive/ApplDsc Commercial  + , Industrial  +
Incentive/ContDept Wisconsin Department of Commerce  +
Incentive/ContEmail COMSEP-ARRA@wisconsin.gov  +
Incentive/ContName General Information - Clean Energy Business Loan Program  +
Incentive/EnergyCat Energy Efficiency Incentive Programs  + , Renewable Energy Incentive Programs  +
Incentive/FundSrc American Recovery and Reinvestment Act (ARRA)  +
Incentive/ImplSector State/Territory  +
Incentive/InActDt July 30, 2010  +
Incentive/MaxInc State contribution limited to 25% of project costs  +
Incentive/Name Clean Energy Business Loan Program  +
Incentive/ProgAdmin Office of Energy Independence  +
Incentive/Summary ''''' Deadline for submissions was July 30
''''' Deadline for submissions was July 30, 2010. Applications received after this date will not be considered.''''' The Wisconsin Department of Commerce is offering low-interest loans to for-profit manufacturing companies for projects that support renewable energy and energy efficiency jobs within the state. The program is only available for businesses locating or expanding within the state of Wisconsin. Loans will be issued for up to 25% of project cost at a fixed interest rate of 2% over terms of 5-7 years (working capital) or 5-10 years (equipment). Loan repayment may be deferred for up to one year. The program is intended for businesses that promote: * major renewable energy production projects; * the manufacture of clean energy products; * advanced manufacturing of clean energy components; * retooling to provide component parts and other critical needs for a successful, totally integrated supply chain; * improving industrial users’ competitiveness through energy efficiency and renewable energy deployment. The definitions of eligible renewable energy and energy efficiency related technologies are not specified, but the program website gives several examples possible projects. Project eligibility is limited to those that create or retain jobs through clean energy advanced manufacturing, clean energy supply chain development, and through reduction in the use of fossil fuels at industrial facilities, including the integration of renewable energy into industrial processes. Funds specifically may not be used for construction or building repairs; to purchase buildings or land; or to perform research, development, and demonstration activities for non-commercial technologies. Projects that have already obtained other necessary financing pieces; environmental and zoning permits; and other clearances will be given a high priority under this program. Money to fund this program comes from State Energy Program funds under the federal American Recovery and Reinvestment Act (ARRA) of 2009, otherwise known as the federal stimulus bill. Currently, $28 million in funding is available through this program with up to $5 million set aside for applications in state's cheese industry. The program is eventually expected to have a total budget of $55 million. Please consult the program website for further details or contact the appropriate [http://commerce.wi.gov/BD/BD-AreaDevManagers.html Commerce Area Development Manager] to discuss your project.
elopment Manager] to discuss your project.  +
Incentive/TechDsc Anaerobic Digestion + , Biomass + , CHP/Cogeneration + , Geothermal Electric + , Ground Source Heat Pumps + , Hydroelectric energy + , Hydrogen + , Landfill Gas + , Other Distributed Generation Technologies + , Photovoltaics + , Renewable Fuels + , Solar Thermal Electric + , Solar Thermal Process Heat + , Solar Water Heat + , Wind +
Incentive/TechDscOther Unspecified technologies  + , Energy Storage  +
Incentive/Terms Loans at 2% interest rate for 5-10 years (equipment) or 5-7 years (working capital); deferral of up to one year.  +
Incentive/Type Industry Recruitment/Support +
OpenEI/PageDescription Clean Energy Business Loan Program: energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , Wisconsin  + , Industry Recruitment/Support  + , Office of Energy Independence  +
Place Wisconsin: Energy Resources +
Website http://commerce.wi.gov/BD/BD-SEP-ARRA.html  +
Categories Financial Incentive Programs , Incentive with Contacts
Modification date
"Modification date" is a predefined property that corresponds to the date of the last modification of a subject and is provided by Semantic MediaWiki.
18:48:24, 12 February 2015  +
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