Revolving Energy Loans for Arizona (RELA) Program

November 14, 2001

Summary

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.

Program Overview

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:	Solar - Passive Solar Water Heat Solar Space Heat Geothermal Electric Solar Thermal Electric Solar Photovoltaics Wind (All) Biomass Hydroelectric Municipal Solid Waste Renewable Fuels Wind (Small)
Maximum Loan:	$10,000 to $500,000
Loan Term:	5%

Contact

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.