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Nevada

Nevada

Incentives/Policies for Energy Efficiency

Printable Version
Revolving Loan Program   

Last DSIRE Review: 09/17/2014
Program Overview:
State: Nevada
Incentive Type: State Loan Program
Eligible Efficiency Technologies: Unspecified Technologies
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Thermal Electric, Photovoltaics, Wind, Biomass, Geothermal Electric, Geothermal Heat Pumps, Small Hydroelectric, Geothermal Direct-Use
Applicable Sectors: Commercial, Industrial, Local Government, Construction, State Government, Installer/Contractor, Fed. Government
Amount:Minimum Loan: $100,000
Maximum Incentive:Maximum Loan: $1 million
Terms:Loan term will not exceed 15 years
Interest rate of 3%. A lower interest may be offered to public entities if the project is located in a disadvantaged community.
Funding Source:The American Reinvestment and Recovery Act of 2009
Web Site: http://energy.nv.gov/Programs/Revolving_Loans_for_Renewable_Energ...
Authority 1:
NRS 701.545, et seq.
Summary:

Note: The Governor's Office of Energy (GOE) issues Request for Applications to fund renewable energy, energy efficiency, and energy conservation projects from the revolving loan funds. Call the GOE at (775) 687-1850 for current information regarding applications and loan availability. 

Assembly Bill 522 of 2009 established a fund for renewable energy, energy efficiency and energy conservation loans. According to statute, all repayments on loans, and other income derived from loans, must be added back into the fund to be redistributed as additional loans. This type of loan program structure is commonly referred to as a "revolving" loan.

Phase One of this program provided over $8 million in short-term low-cost loans to renewable energy projects. These loans served as bridge financing to cover various project start-up costs. The program is now in Phase Two, which is awarding loans to the following types of projects:

  • Construction or expansion of a renewable energy system
  • Construction of an energy conservation project
  • Construction of an energy efficiency project
  • Manufacturing of components for renewable energy systems

Loans may not be used for research or planning, refinancing, the purchase of land or water, or operations and maintenance. Complete program requirements and application forms are available at the web site above.


 
Contact:
  Suzanne Linfante
Nevada Governor's Office of Energy
755 North Roop Street, Suite 202
Carson City, NV 89701
Phone: (775) 687-1850 Ext.7309
Fax: (775) 687-1869
E-Mail: slinfante@energy.nv.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.