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Industrial Energy Technology Revolving Loan Fund (Arkansas)
Incentive/Active false  +
Incentive/ApplDsc Industrial  +
Incentive/EnergyCat Energy Efficiency Incentive Programs  + , Renewable Energy Incentive Programs  +
Incentive/ImplSector State/Territory  +
Incentive/MaxInc $2,000,000  +
Incentive/Name Industrial Energy Technology Revolving Loan Fund  +
Incentive/ProgAdmin Arkansas Energy Office  +
Incentive/StartDate January 2010  +
Incentive/StartDateString 1/2010  +
Incentive/Summary Low interest-rate loans are available to i
Low interest-rate loans are available to industries in Arkansas to implement new energy efficient measures or install renewable energy generation. Funding is available for: * Replacing low efficiency equipment including but not limited to turbines, motors, lighting, and HVAC systems * Installation of wind, solar, or biomass projects * Recycling waste heat * Power factor corrections resulting in removal or reduction of utility power factor penalties Loan rates are dependent on the loan length and are related to the current market interest rates. In order to receive funding, the return on investment should be less than the length of the loan term. Projects with a return on investment expected to be greater than 10 years will still be considered if the company commits to repaying the loan within 10 years with other funds. Funds are distributed on a first come first served basis. Loan repayments begin 60 days after the project completion and are due quarterly. Interested companies should contact the Arkansas Energy Office to begin an application.
sas Energy Office to begin an application.  +
Incentive/TechDsc Biomass + , Photovoltaics + , Wind +
Incentive/TechDscOther Unspecified technologies  +
Incentive/Terms Maximum loan term: 10 years<br /> '''Interest Rates'''<br /> Loan Term of 6-10 years: 2% below market rates<br /> Loan Term of 3-5 years: 1.5% below market rates<br /> Loan Term of 0-2 years: 1% below market rates  +
Incentive/Type State Loan Program +
OpenEI/PageDescription Industrial Energy Technology Revolving Loan Fund: energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , Arkansas  + , State Loan Program  + , Arkansas Energy Office  +
Place Arkansas: Energy Resources +
Website http://arkansasenergy.org/energy-in-arkansas/energy-policy-and-legislation/recovery-2009/state-energy-program/industrial-energy-technology-loan-fund.aspx  +
Categories Financial Incentive Programs
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.
21:56:25, 12 February 2015  +
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