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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. 
 
For additional information, visit www.businessdevelopment.org/eerl.
 
Answers to commonly asked questions are listed below.

How does it work?

Once the loan is approved, and the loan documents are signed by you (the borrower) and BDC (the lender) you may begin work. As work is completed and contractors submit invoices to you, you may request progress payments based on work completed and invoices received.

Borrowers may have an interest only payment period while their energy project is completed. Once the project(s) is complete, payments of principal and interest will replace the interest only payments.