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Energy Loan Fund (ELF)

Energy Loan Fund (ELF)

State: OH
Resource Intensity: Medium
Co-founding: No
Cost Share: N/A
Sector: Energy
Support Stage: Transaction/Investment
Support to: Local Governments, Public Entities, Non-Profits
Type of Funding: Loan

This program is administered by the Development Services Agency. “Ohio Development Services Agency helps small businesses, manufacturers, nonprofits, and local governments implement energy efficiency improvements to lower energy use and costs. Through the Energy Loan Fund eligible applicants receive low-interest financing to install efficiency measures that reduce energy by at least 15 percent. Technical assistance is also available to facilitate the required energy audit for potential applicants” “Eligible efficiency measures include insulation, LED lighting, energy efficiency lighting technologies, energy management control systems, HVAC upgrades, weather sealing, door and window replacements, combined heat and power systems, and cogeneration systems.

In order for energy distribution technologies and renewable energy technologies to be eligible, they must be a part of a larger energy efficiency project. All projects must achieve at least a 15 percent reduction in energy usage, demonstrate economic and environmental impacts and be included within a long-term energy strategy. ” Loans vary between $250,000 and $5 million.

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