Energy Infrastructure Revolving Loan Program
Iowa Energy Office
Encouraging Energy Development
This new energy program, the Energy Infrastructure Revolving Loan Program (EIRLP), will go into effect July 1, 2021. Replacing the Alternate Energy Revolving Loan Program, the new program provides loans for projects that include land, buildings, physical plant and equipment, and services directly related to the development of projects used for, or useful for, electricity or gas generation, transmission, storage, or distribution.
Details of the new program, including when applications may be submitted, will be updated here as they become available.
The Alternate Energy Revolving Loan Program was discontinued in the 2021 Iowa legislative session by Division XII of 2021 Iowa Acts, Senate File 619. IEDA will continue to administer loans approved under the program according to their terms.
Pursuant to Senate File 619, an individual, business, rural electric cooperative or municipal utility located and operating in Iowa shall be eligible for financial assistance. Administrative rules to further define eligibility are being developed by IEDA.