Implementing Sector |
State |
Category |
Financial Incentive |
State |
Iowa |
Incentive Type |
Loan Program |
Web Site |
IADG Energy Bank |
Administrator |
Iowa Economic Development Authority and Iowa Area Development Group |
Funding Source |
American Recovery and Reinvestment Act (ARRA) |
Eligible Renewable/Other Technologies |
Solar - Passive, Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Photovoltaics, Wind (All), Biomass, Hydroelectric, Geothermal Heat Pumps, Combined Heat & Power, Wind (Small), Hydroelectric (Small) |
Eligible Efficiency Technologies |
Lighting, Lighting Controls/Sensors, Chillers, Furnaces, Boilers, Heat pumps, Air conditioners, Building Insulation, Windows, Doors, Processing and Manufacturing Equipment, Other EE, LED Lighting |
Applicable Sectors |
Commercial, Industrial |
Maximum Loan |
$300,000 |
Loan Term |
Origination fee: 1% of loan amount which can be financed |
Servicing Fee |
No servicing fee, electronic payments required |
Term |
Up to 10 years |
Interest Rate |
1% |