Alternate Energy Revolving Loan Program

IA Loan Program commercial industrial investor-owned utility municipal utilities residential cooperative utilities

Administered by: Iowa Energy Center

Program Details

Program ID: 209
Effective Date: 1/26/1996
Last Updated: 10/19/2021

Eligibility

Eligible Sectors

commercial industrial investor-owned utility municipal utilities residential cooperative utilities

Eligible Technologies

solar water heat solar space heat solar thermal electric solar photovoltaics wind (all) biomass hydroelectric landfill gas wind (small)

Incentive Amount

Revolving Fund

Program Summary

Note: This program has been discontinued.

The Alternate Energy Revolving Loan Program (AERLP), administered by the Iowa Energy Center, provides low-interest loans to individuals and organizations that seek to build renewable energy production facilities in Iowa. Successful applicants receive a low-interest loan that consists of a combination of AERLP and lender-provided funds. The AERLP provides 50% of the total loan at 0% interest rate up to a maximum of $1,000,000. The remainder of the loan is provided by a lender at market rate. Eligible Technologies Eligible renewable energy technologies include solar, biomass, wind and small hydro. Process Funding decisions for for loans are made by the IEC board at least once per quarter. The maximum loan term allowed for the AERLP funds is 20 years. As the loans are paid back to the Iowa Energy Center, those funds are cycled back into the program and made available to new applicants.

Contact & Resources

Additional Resources

https://www.iowaeda.com/iowa-energy-office/alt-energy-loans/

Please verify current program details with the administering agency before making any financial decisions.