DUBUQUE, Iowa -- As part of the Sustainable Dubuque initiative, the city of Dubuque is encouraging Dubuque businesses, non-profits, and multi-tenant property owners to apply for low-interest loans to make their buildings more energy efficient.
The Energy Efficiency Loan Fund is a $200,000 revolving loan fund established through funds from the U.S. Department of Energy. Its purpose is to help finance energy improvements in multi-tenant facilities and buildings owned or leased by businesses and non-profits located in the city of Dubuque. EELF is intended to fund innovative energy efficiency projects that significantly reduce greenhouse gas emissions. The current interest rate for EELF loans is one percent. Special consideration will be given to Petal Project businesses in the selection process. The city is partnering with East Central Intergovernmental Association Business Growth, Inc. to make these funds available.
Dubuque businesses, non-profits, and multi-tenant property owners are eligible for a low-interest loan up to $50,000, 20 percent forgivable, to complete energy-efficient improvements to electrical systems, lighting and energy management systems, mechanical system improvements including HVAC and hot water, information technology, and energy efficiency upgrades. Renewable energy and energy-efficient equipment upgrades/purchases may be considered on a case-by-case basis.
SOURCE: City of Dubuque