Energy Infrastructure Revolving Loan Program
Administered by Iowa Economic Development Authority
The Energy Infrastructure Revolving Loan Program provides low-interest financing for energy infrastructure projects in Iowa, including electric vehicle charging equipment and grid modernization. To apply, register on IowaGrants.gov and submit your project during one of the quarterly application windows; projects must align with one of seven purposes such as alternative fuel vehicle infrastructure or emergency preparedness.
This program finances customer projects in electricity, gas, renewable energy, EV charging, and grid modernization through low-interest loans available to Iowa-based businesses and utilities. Your customers should apply through IowaGrants.gov during quarterly deadlines; the program emphasizes utility infrastructure improvements and accepts projects up to $10 million per quarter that meet one of the seven stated program purposes.
EIRLP distributes up to $10 million quarterly through the Iowa Energy Center Board, which reviews applications on a set schedule with deadlines in January, April, July, and October (2025 dates provided; 2026 dates range March–November). Eligible applicants include individuals, businesses, rural electric cooperatives, and municipal utilities in Iowa; projects must serve grid modernization, workforce development, renewable energy expansion, alternative fuel infrastructure, or other specified purposes. Current board priority emphasizes utility infrastructure in counties affected by 2024 natural disasters.
Program details
- Program ID
- 22420
- Effective
- 7/1/2021
- Last updated
- 7/29/2025
Eligibility
- Sectors
- commercial industrial municipal utilities cooperative utilities agricultural
- Technologies
- load management level-2 electric vehicle service equipment direct current fast charging equipment
Incentive amount
$10 million per quarter
Program summary
The Energy Infrastructure Revolving Loan Program (EIRLP) was established in 2021 by legislation (S.F. 619) as a replacement for the previous Alternate Energy Revolving Loan Program
The program offers low-interest financing for innovative energy infrastructure projects. The program handbook provides examples of eligible technology and project types; the examples are intended to be illustrative, not exhaustive.
Projects must serve one or more of seven listed project purposes in order to qualify. These purposes are: 1) electric or gas generation, transmission, storage, or distribution; 2) electric grid modernization; 3) energy sector workforce development; 4) emergency preparedness for rural and underserved areas; 5) expansion of biomass, biogas, and renewable natural gas; 6) innovative technologies; and 7) development of infrastructure for alternative fuel vehicles.
The program is accepting applications on a quarterly basis, with no more than $10 million to be distributed each quarter.
Quarterly application deadlines for 2025 were/are January 9, April 3, July 24, and October 30.
Contact & resources
- Contact email
- Stephanie.Weisenbach@iowaeda.com
- Additional resources
Please verify current program details with the administering agency before making any financial decisions.
