Sustainable Energy Utility (SEU) - Revolving Loan Fund
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Regional Greenhouse Gas Initiative (RGGI)
Program financing is available to all credit-qualified businesses, local governments, school boards, and non-profits located in existing facilities in the State of Delaware. Eligible activities include: installation of eligible measures in or on a building or site owned or leased by the applicant; conducting an energy efficiency audit; code-related repair and health and safety measures that are required to secure the energy savings of the projections.
Contractors must meet requirements for the SEU’s Responsible Contractor Policy and the State of Delaware prevailing wage rates for mechanics and/or laborers for contracts greater than $50,000. Applicant must demonstrate the ability to repay the loan or lease as evidenced by review of credit history, financial statements and bank and trade references. For energy efficiency projects, savings over the weighted useful life of the measures must be greater than the cost of the measures including financing.
Equipment must be justified by an energy assessment from an approved auditor. Savings must exceed costs of energy efficient measures over their useful life, including financing.
State agencies and school districts can also quality for 50% of the cost for energy audits up to $150,000 through the Sustainable Investment Evaluation program.