Energy Infrastructure Revolving Loan Program

IA Loan Program commercial industrial municipal utilities cooperative utilities agricultural

Administered by: Iowa Economic Development Authority

Program Details

Program ID
22420
Effective Date
7/1/2021
Last Updated
7/29/2025

Eligibility

Eligible Sectors
commercial industrial municipal utilities cooperative utilities agricultural
Eligible 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

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

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