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    New Funding Opportunity: The Energy Loan Fund


    Please be aware of this funding opportunity: The Energy Loan Fund.  This may be great for LED lighting retrofits particularly if you have older fixtures (office lighting, security lights and parking lot lighting).    Certainly other activities would qualify as well such as insulation, upgrading electrical motors (particularly refrigeration) and adding solar or wind generation.
     
    Energy Loan Fund
     
    The Energy Loan Fund is a program that provides low-cost financing to small businesses, manufacturers, nonprofits, and public entities for energy improvements that reduce energy usage and associated costs, reduce fossil fuel emissions, and/or create or retain jobs. Eligible activities include energy retrofits, energy distribution technologies and renewable energy technologies. Projects must achieve 15 percent reduction in energy usage, demonstrate economic and environmental impacts and be included within a long-term energy strategy.
     
    The Energy Loan Fund guidelines have been updated. Applicants are encouraged to read the guidelines thoroughly before starting the application process.  A few important updates:

    • All applicants must submit a Letter of Intent. A prospective applicant cannot submit a formal application without having first submitted a Letter of Intent by the August 12 deadline. 
    • Funding will be made available through competitive rounds. 
    • The funding available for Fiscal Year 2016 is $11.25 million.
    • Loan amounts will range between a minimum of $250,000 to a maximum of $1,250,000 for all applicants.
    • All applicants must attend the Bidder’s Conference on August 26, 2015.
    Letters of Intent for the current round of funding will only be accepted from July 15 until August 12, 2015.  Once an applicant has submitted a Letter of Intent, they will receive instruction on how to complete a formal application.  Letters of Intent will be posted to this website as they are received and they may not contain proprietary or confidential information.
     
    The Bidders’ Conference for this round of funding will take place on August 26, 2015 at the Vern Riffe Center for Government and the Arts at 77 South High Street in Columbus, Ohio.  Applicants are required to attend in person.  Details on the location will be sent to applicants once they submit their Letter of Intent.
     
    The formal application deadline for the current round of funding is September 30, 2015. Questions specific to applying for current round of funding must be sent via email to energy@development.ohio.gov.