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). 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.

What do I need to do to apply?

1. Have a technical analysis completed by an engineer or other professional who is a Professional Engineer (PE), a Certified Energy Manager (CEM) or an Accredited Commercial Energy Manager (ACEM) so that you know which energy measures will yield the greatest savings, have a plan in place, and know how much you need to borrow. In some cases, vendors may prepare the technical analysis if you are only contemplating one type of energy measure.

2. Based on the information provided in the technical analysis, complete the application provided by BDC and return it along with the technical analysis and requested financial records.