Loans, Grants & Tax Incentives

Energy Efficiency Revolving Loan

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The Energy Efficiency Revolving Loan (EERL) program was established through the US Department of Energy/ Energy Office using “stimulus” funding. It is administered by the Business Development Corporation (BDC) by contract with JEDA. 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.

Does the interest rate change over the life of the loan?

Rates may be fixed or floating. The fixed rate transitions will be fixed for the life of the loan and the floating rate loans are tied to prime and will adjust monthly as prime changes.