Low interest-rate loans are available to industries in Arkansas to implement new energy efficient measures or install renewable energy generation. Funding is available for:
Loan rates are dependent on the loan length and are related to the current market interest rates. In order to receive funding, the return on investment should be less than the length of the loan term. Projects with a return on investment expected to be greater than 10 years will still be considered if the company commits to repaying the loan within 10 years with other funds.
Funds are distributed on a first come first served basis. Loan repayments begin 60 days after the project completion and are due quarterly. Interested companies should contact the Arkansas Energy Office to begin an application.
| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Arkansas |
| Incentive Type: | Loan Program |
| Web Site: | http://arkansasenergy.org/energy-in-arkansas/energy-policy-and-legislation/recovery-2009/state-energy-program/industrial-energy-technology-loan-fund.aspx |
| Administrator: | Arkansas Energy Office |
| Start Date: | 01/01/2010 |
| Eligible Renewable/Other Technologies: |
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| Maximum Loan: | $2,000,000 |
| Loan Term: |
Maximum loan term: 10 years Interest Rates Loan Term of 6-10 years: 2% below market rates Loan Term of 3-5 years: 1.5% below market rates Loan Term of 0-2 years: 1% below market rates |
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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