The Revolving Energy Loans for Arizona (RELA) Program is offered by the Department of Commerce for companies that either manufacture renewable energy, alternative energy, or energy conserving equipment or acquire such equipment for use in their own processes. Manufacturers can qualify for the loan only if they have at least two years operating experience in Arizona. Loan requests may range from $10,000 to $500,000, up to a maximum of 75% of total project costs. Fixed interest rates are 5% for conservation or retrofit projects and manufacturing. Projects must have seven years simple payback or less.
| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Arizona |
| Incentive Type: | Loan Program |
| Web Site: | http://www.azcommerce.com/datapages/special_business_opportunities.htm#Energy Loans |
| Administrator: | Arizona Department of Commerce |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
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| Maximum Loan: | $10,000 to $500,000 |
| Loan Term: | 5% |
| Name: | Patty Duff |
| Organization: | Arizona Department of Commerce |
| Address: |
3800 North Central, Suite 1200 Phoenix AZ 85012 |
| Phone: | (602) 280-1340 |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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