Last Updated March 7, 2023
Program Overview
Category:
Financial Incentive
State:
Iowa
Incentive Type:
Loan Program
Administrator:
Iowa Economic Development Authority
Start Date:
07/01/2021
Expiration Date:
N/A
Applicable Sectors:
N/A
Eligible Renewable/Other Technologies:
N/A
Summary
The Energy Infrastructure Revolving Loan Program (EIRLP) was established in 2021 by legislation (S.F. 619) as a replacement for the previous Alternate Energy Revolving Loan Program
The program offers low-interest financing for innovative energy infrastructure projects. The program handbook provides examples of eligible technology and project types; the examples are intended to be illustrative, not exhaustive.
Projects must serve one or more of seven listed project purposes in order to qualify. These purposes are: 1) electric or gas generation, transmission, storage, or distribution; 2) electric grid modernization; 3) energy sector workforce development; 4) emergency preparedness for rural and underserved areas; 5) expansion of biomass, biogas, and renewable natural gas; 6) innovative technologies; and 7) development of infrastructure for alternative fuel vehicles.
The program is accepting applications on a quarterly basis, with no more than $10 million to be distributed each quarter.
Quarterly application deadlines for 2023 are April 13, July 12, and October 19.