Funding & Incentives

Energy Efficiency Revolving Loan

The Energy Efficiency Revolving Loan (EERL) program was established through the US Department of Energy/ Energy Office using “stimulus” funding and is limited to funding available at the time the loan application is filed. It is administered by the Business Development Corporation (BDC). The purpose of the loan fund is to enable business and industry to save money by saving energy. The fund is also open to other entities including utilities and government agencies. 
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Answers to commonly asked questions are listed below.

How are loan applications evaluated?

Loans are evaluated in two ways: financial stability of the borrower and technical merit of the proposed energy measure(s). BDC and our banking partners when applicable will evaluate finances and the Energy Office will confirm that the proposed project meets DOE guidelines.