Skip Navigation

The U.S. Department of Energy and the North Carolina Solar Center are excited to announce that a new, modernized DSIRE is under construction. The new version of DSIRE will offer significant improvements over the current version, including expanded data accessibility and an array of new tools for site users. The new DSIRE site will be available in the summer of 2014. Staff are currently working hard on the new DSIRE and are unfortunately only able to make minimal updates to the DSIRE website at this time. We apologize for any inconvenience and thank you for using DSIRE.

US Department Energy Efficiency and Renewable Energy
IREC North Carolina Solar Center
Home Glossary Links FAQs Contact About Twitter    Facebook
Delaware

Delaware

Incentives/Policies for Renewables & Efficiency

Printable Version
Sustainable Energy Utility (SEU) - Revolving Loan Fund   

Last DSIRE Review: 02/13/2014
Program Overview:
State: Delaware
Incentive Type: State Loan Program
Eligible Efficiency Technologies: Unspecified Technologies
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Biomass, Geothermal Heat Pumps, Other Distributed Generation Technologies
Applicable Sectors: Commercial, Industrial, Nonprofit, Schools, Local Government, State Government, Tribal Government, Fed. Government, Agricultural, Institutional
Amount:$10,000-$1,000,000 per project
Maximum Incentive:$1,000,000 maximum per borrower
Funding Source:Regional Greenhouse Gas Initiative (RGGI)
Web Site: http://www.energizedelaware.org/Efficiency-Plus-Business-Program/
Summary:

The Revolving Loan Fund Objective is to encourage the adoption and installation of end-user energy efficiency measures and customer-sited renewable generation that result in savings that can lower customers’ bills and reduce the environmental impacts of energy production, delivery, and use.

Program financing is available to all credit-qualified businesses, local governments, school boards, and non-profits located in existing facilities in the State of Delaware. Eligible activities include: installation of eligible measures in or on a building or site owned or leased by the applicant; conducting an energy efficiency audit; code-related repair and health and safety measures that are required to secure the energy savings of the projections.

Contractors must meet requirements for the SEU’s Responsible Contractor Policy and the State of Delaware prevailing wage rates for mechanics and/or laborers for contracts greater than $50,000. Applicant must demonstrate the ability to repay the loan or lease as evidenced by review of credit history, financial statements and bank and trade references. For energy efficiency projects, savings over the weighted useful life of the measures must be greater than the cost of the measures including financing.

Equipment must be justified by an energy assessment from an approved auditor. Savings must exceed costs of energy efficient measures over their useful life, including financing.

 


 
Contact:
  Tony DePrima
Delaware Sustainable Energy Utility
109 South State Street
Dover, DE 19901
Phone: (302) 883-3038
E-Mail: tonydeprima@seu.org
Web Site: http://www.energizedelaware.org/
NCSU - home
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.