ALTERNATE ENERGY REVOLVING LOAN PROGRAM:
ENCOURAGING ENERGY PRODUCTION THROUGH ZERO INTEREST LOANS
The AERLP provides zero interest loans to eligible borrowers for alternate energy production projects, including but not limited to solar, wind, biomass and combined heat and power. The AERLP can improve the feasibility of energy projects for businesses, farmers, individuals, water and wastewater utilities and rural water and sanitary districts. Loan amounts may range from $25,000 to $1 million and cover up to 50 percent of eligible project costs. The IEC board will make funding decisions at least once per quarter and loans will be administered by IEDA. The first deadline for applications is May 31, 2019 and applications are accepted through IowaGrants.gov.
To learn more about the program, check out our AERLP handbook, available online at: https://www.iowaeconomicdevelopment.com/userdocs/programs/AERLP-Handbook.pdf