Energy Infrastructure Revolving Loan Program
Iowa Energy Office
Modernizing Energy Infrastructure
This new energy program, the Energy Infrastructure Revolving Loan Program (EIRLP), went into effect July 1, 2021. The EIRLP provides low-interest loans for energy infrastructure projects that facilitate electricity or gas generation, transmission, storage or distribution.
The purpose of the program is to support:
- Energy infrastructure development
- Electric grid modernization
- Energy-sector workforce development
- Emergency preparedness for rural and underserved areas
- Expansion of biomass, biogas and renewable natural gas
- Innovative technologies
- Development of infrastructure for alternative fuel vehicles
Administrative rules were developed for the EIRLP that are unique to the new program. Policies and procedures to further define eligibility and other requirements were adopted by the Iowa Energy Center (IEC) Board.
Application Deadline | IEC Board Meeting Date
- January 25, 2024 | February 22, 2024
- April 18, 2024 | May 16, 2024
- July 11, 2024 | August 8, 2024
- October 17, 2024 | November 14, 2024
Program Changes Update
The Alternate Energy Revolving Loan Program, replaced by the EIRLP, was discontinued in the 2021 Iowa legislative session by Division XII of 2021 Iowa Acts, Senate File 619. Iowa Economic Development Authority will continue to administer loans approved under the program according to their terms.
An individual, business, rural electric cooperative or municipal utility located and operating in Iowa shall be eligible for financial assistance.
The EIRLP Policies and Procedures Handbook includes:
- Eligibility requirements established by administrative rules
- Program details, including the types of projects that align with the program purposes and board priorities
- Processes for applicants and approved borrowers
How Do I Apply?Applications are accepted through IowaGrants.gov. Applicant representatives will need to register to create an account through IowaGrants.gov before accessing the application, if they do not already have an account.
The IEC Board will make decisions on loan applications at the quarterly meetings. Some expenses incurred before an IEC Board decision may be considered eligible costs.