Energy Infrastructure Revolving Loan Program

The Energy Infrastructure Revolving Loan Program (EIRLP) went into effect on July 1, 2021, and provides low-interest loans for energy infrastructure projects facilitating electricity or gas generation, transmission, storage, or distribution. The maximum loan is $2.5 million or 75% of the project costs with terms of up to 15 years at 2% interest. Qualifying parties include individuals, businesses, and utilities. The program explicitly supports biomass, biogas, renewable natural gas, and the vague category of “innovative technologies.”