2.5% Dollar and Energy Saving Loans Now Available for Energy Efficiency Projects up to $750,000

On August 19, 2009, the Nebraska Energy Office announced the availability of 2.5% Dollar and Energy Saving loans of up to $750,000 for commercial and industrial – including educational – sector energy efficiency building improvements.  The $11 million in funds for these loans comes from a portion of the $30.9 million received by Nebraska under the State Energy Program in the American Recovery and Reinvestment Act.

 

Eligible entities include Nebraska commercial businesses, non-profits, institutions such as private schools and hospitals, manufacturers, and other industrial operations; Nebraska political subdivisions below the state level, including public school districts; and federal Energy Star® partners. 

 

Eligible energy efficiency building improvements are the same as those currently eligible for Dollar and Energy Saving Loans and are listed on project applications at http://www.neo.ne.gov/loan/index.html .

 

Dollar and Energy Saving Loans are available through more than 300 participating banks, savings institutions and credit unions and their branches across the state.  Since 1990, the Energy Office has provided financing more than 25,500 projects totaling $222.2 million.

 

Questions about these loans can be directed to Jack Osterman at john.osterman@nebraska.gov or 402-471-2817.

 

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