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Funding Resources
Funding Resources
| ID Low Interest Energy Loans | |
|---|---|
| Type of Incentive | Loan |
| Eligible States | ID |
| Eligible Technology | Backpressure Turbine, Boiler, Combustion Turbine, Condensing Turbine, Extracting Turbine, Fuel Cell, Microturbine, Other, Reciprocating Engine, Heat Recovery Generator, Stirling Engine |
| Eligible Fuel | # 2 Fuel Oil, # 6 Fuel Oil, Biogas, Biomass, Coal, Hydrogen, LFG, Municipal Solid Waste, Natural Gas, Other, Tire-Derived Fuel, Waste heat Recovery |
| Eligible Project Size | All (MW) |
| Critical Information | The Idaho Office of Energy Resources administers low-interest loan programs for energy efficiency projects, and for active solar, wind, geothermal, hydropower and biomass energy projects. The interest rate is 4 percent with a 5-year repayment term. Loans are available for retrofit only, with the exception of some renewable resources. Loan amounts vary by sector and are: - Residential: $1,000 to $15,000 - Commercial: $1,000 to $100,000 - Agricultural, renewable loans, schools, hospitals, and healthcare facilities: Up to $100,000 |
| Start Date | 1/1/1995 |
| End Date |
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| Minimum Efficiency (%) |
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| Additional Information | Certain restrictions apply to this program. For existing homes or businesses, the savings from reduced usage of conventional fuel must be sufficient to pay for the project's installation cost (e.g. simple payback of 15 years or less). For new off-grid projects, use of a renewable energy resource must be the least cost alternative. The payback period for grid-tied renewable energy projects must be 15 years or less. Renewable energy projects that are intended to sell the energy generated or the commodity produced are not eligible. While the program's financing requires repayment within five years, this further stipulation for existing homes and businesses states that the project's cumulative energy savings over a fifteen year period must be great enough to offset the cost of the project. * The start date of 1/1/1995 is an estimate |
| Web Site |
http://www.energy.idaho.gov/financialassistance/lowinterestenergyloans.shtml |
| Additional Web Site |
http://www.dsireusa.org/library/includes/ incentive2.cfm?Incentive_Code=ID02F&state=ID&CurrentPageID=1&RE=1&EE=1 |
| Primary Contact |
Terry Hoebelheinrich 322 E Front St. P.O. Box 83720 Boise, ID 83720 U.S.A. Terry Hoebelheinrich (terry.hoebelheinrich@oer.idaho.gov) (208) 287-4899 (208) 287-6700 |