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Ohio

Ohio

Incentives/Policies for Renewables & Efficiency

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Energy Loan Fund   

Last DSIRE Review: 11/03/2014
Program Overview:
State: Ohio
Incentive Type: State Loan Program
Eligible Efficiency Technologies: Efficiency technologies
Eligible Renewable/Other Technologies: Photovoltaics, Landfill Gas, Hydroelectric, Renewable and distributed generation technologies accepted
Applicable Sectors: Commercial, Industrial, Nonprofit, Schools, Local Government, Construction, State Government, Institutional
Maximum Incentive:$1 million
Terms:15% minimum reduction in energy use resulting from projects
Funding Source:DOE State Energy Program, Advanced Energy Fund, and ARRA Funds
Start Date:12/15/2011
Web Site: http://development.ohio.gov/bs/bs_energyloanfund.htm
Summary:

Note: The application period for the Energy Loan Fund will begin again on March 1, 2015. Interested applicants should email energy@development.ohio.gov to be notified when the application is available.

The Energy Loan Fund provides low-cost financing for energy efficiency and renewable energy improvements to Ohio-based businesses with less than 500 employees, manufacturers enrolled in the Energy Efficiency Program for Manufacturers, nonprofits,  and public entities. For further information regarding eligibility, please view the Program Guidelines and Application Process.

The typical loan limit is $1 million, but the Ohio Development Services Agency reserves the right to increase these limits on a case-by-case basis.

The applications must demonstrate a minimum 15 percent reduction in energy use 15as a result of the project. Other evaluation criteria include the application’s completeness, whether application meets the requirements of applicable state and/or federal funding sources, type of eligible technologies utilized and the extent of energy savings achieved as a result of the project, extent of job creation and improvement in environmental quality as a result of the project, extent of match investment in the project, the project readiness and timeline to complete project by deadline of certain funding sources, applicant’s need for financial assistance to complete project, and the advancement of the mission of the Office of Energy.

The pre-application review process takes from 7 to 10 days and a final resopnse should occur within 45 days.

The Energy Loan Fund is managed by the Ohio Development Services Agency. Funding is provided through the Ohio Advanced Energy Fund and the Federal State Energy Program.

For more information visit the program website or read the frequently asked questions.


 
Contact:
  General Information
Ohio Development Services Agency
77 South High Street, 26th Floor
PO Box 1001
Columbus, OH 43216-1001
Phone: (866) 728-6749
Fax: (614) 466-1864
E-Mail: energy@development.ohio.gov
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.