You are here

Revolving Loan Program (Nevada)

Eligibility 
Commercial
Construction
Fed. Government
Installer/Contractor
Institutional
Local Government
State Government
Savings Category 
Photovoltaics
Solar Water Heat
Maximum Rebate 

Maximum Loan: $1 million

Program Info
Funding Source 

The American Reinvestment and Recovery Act of 2009

State 
Nevada
Program Type 
State Loan Program
Rebate Amount 

Minimum Loan: $100,000

Provider 
Nevada State Office of Energy

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 or expansion of an energy conservation project
* Construction or expansion of an energy efficiency project
* Manufacturing of components for renewable energy systems

Complete program requirements and application forms are available at the web site above.