The Energy Loan Fund is a financing program authorized through the State of Ohio Department of Development. The fund provides low-interest financing to install efficiency measures that reduce energy by at least 15%. Current interest rates are well below commercial lending rates. The list of eligible applicants includes:
- Small businesses
- Local governments
- Nonprofit organizations
- Public school districts
- Colleges and Universities
- Manufacturers looking to implement one or more eligible energy efficiency projects
The projects eligible for financing include but are not limited to:
- LED lighting
- HVAC upgrades
- Window and door replacements
- Co-generation systems
By itself, a renewable energy system is not eligible, but when paired with a larger energy efficiency project, the loan fund has the ability to bundle the financing.
Loan amounts available can range from $250,000 up to $2.5 million depending on project type and size and the documentation required for an application varies as well. Viridi can help you determine your eligibility and your application requirements.
If you’d like more information on your eligibility or would like assistance in the overall process, contact Claire Wilson ([email protected]).
**To participate in this program, you must complete an ASHRAE level II audit.
