Miami-Dade County - Renovation for Energy Efficiency Loan (REEL) Program

Miami-Dade County is collaborating with the South Florida Regional Planning Council to offer a $1.5 million revolving loan programs to any business committing to energy efficiency improvements in Miami-Dade County. Businesses must first send an authorization letter to Florida Power and Light Company (FPL) for an Energy Survey. The Energy Survey will identify baseline energy consumption and areas for energy efficiency improvements. Once the Energy Survey authorization has been sent to FPL, the applicant should send a loan application to [email protected]. All applications will be processed by the Loan Administration Board within 60 days. Loans must be repaid within 3 years and carry an interest rate 2% above the prime rate. Applicants must pay for 10-20% of the project costs with non-loan funds, and must have a credit score of 640 or higher. Applications and more information is available on the program web site.