Energy Efficiency Loan Fund
The Energy Efficiency Loan Fund (EELF) is a $200,000 revolving loan fund established through funds from the U.S. Department of Energy. Its purpose is to help finance energy improvements in buildings owned or leased by commercial businesses, non-profits, and multi-tenant facility management groups. The projects that receive loans will be those seeking to fund innovative energy efficiency projects that significantly reduce greenhouse gas emissions.
The EELF is for Dubuque-based businesses to help reduce their energy consumption through greater efficiency. Activities eligible for funding include:
- o Electrical systems and components including lighting and energy management systems.
o Mechanical systems and components including HVAC and hot water.
o Information technology energy efficiency upgrades.
o Efficient windows that result in energy savings for the facility.
o Solar panel installation may be considered on a case-by-case basis on buildings built after 1965. Please contact Matt Specht for more information.
o Energy efficient equipment upgrades/purchases may be considered on a case-by-case basis. Please contact Matt Specht for more information.
Short term - based on your energy efficiency improvement, maximum 5 year term
Low interest rate - 1%
$50,000 Maximum project size
Personal Guarantee required
Approval of the EELF review committee