Minnesota Incentives/Policies for Energy Efficiency |
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Last DSIRE Review: 02/15/2013
Program Overview:
| State: |
Minnesota |
| Incentive Type: |
Utility Loan Program |
| Eligible Efficiency Technologies: |
Processing and Manufacturing Equipment, Agricultural Equipment, Custom/Others pending approval |
| Applicable Sectors: |
Commercial, Industrial, Residential, Agricultural, Institutional |
| Amount: | $1,500 - $25,000 |
| Maximum Incentive: | $25,000 |
| Terms: | Rate: 0% - 6.9%
Repayment: up to 5 years
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| Web Site: |
http://www.alliantenergy.com/SaveEnergyAndMoney/AdditionalWaysSav...
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Summary:
Alliant Energy (Interstate Power and Light - IP&L) offers low-interest financing program for the installation of energy efficient improvements. Businesses, Residences, farms or ag-related businesses are eligible if Alliant Energy supplies the electricity or natural gas on a retail rate basis for the applicable technology. Interest rates for financing range from 0% - 6.9%. The maximum loan amount under this program is $25,000. The Shared Savings Program also offers business customers the ability to purchase high efficiency equipment without any up front costs. IP&L will pay for the cost of the equipment and the customer repays the financing plus administrative fee in 60 equal payments over a five year contract term. Nearly all energy efficient equipment will qualify, but pre-approval from IP&L is required. Contact Alliant Energy for details on financing options. |
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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.
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