Revolving Loans for Renewable Energy, Energy Efficiency, and Energy Conservation


Contact

Suzanne Linfante
Management Analyst III
775-687-1850, ext. 7309

Nearly $13 million was funded under the federal American Recovery and Reinvestment Act of 2009 to provide short-term, low-cost loans to developers of renewable energy projects, renewable component manufacturers, energy efficiency, and energy conservation projects in Nevada. These loans serve as a bridge financing option to provide funding for various startup costs associated with these projects.

    Progress

    The original $8.2 million in funding has been built up to more than $12.8 million, mainly due to moving unspent ARRA funds from other programs into the Loan Fund. According to the U.S. Department of Energy, Nevada was the first state to have 100 percent of its ARRA revolving-loan funds allocated, indicating efficiency by the Energy Office as well as the industry’s interest in developing projects in Nevada. Additional funding is being sought to continue to grow the existing the program.

    ARRA Special Terms and Conditions

      Application

      The GOE issues a Request for Applications (RFA) for projects that develop or expand renewable energy systems, energy efficiency projects, energy conservation, and manufacturing of components of renewable energy systems in Nevada. Applicants may apply for a minimum of $100,000 and a maximum of $1,000,000. Loan terms will be less than 15 years with an interest rate of three percent.

      The GOE is not presently accepting applications.


       

        Projects

        PROJECT SIZE   TYPE COUNTY
        Ro Ranch/Truckee River Ranch 225 kW hydro Nye
        Tim Brown (2) 3.5 kW wind Washoe
        Knox (2) 3.5 kW wind Washoe
          3.5 kW wind  
        Madole (2) 3.5 kW wind Washoe
          3.5 kW wind  
        Young Brothers 175 kW hydro Lander
        Avatar Energy  159 kW anaerobic digester Lyon
        Avatar Energy - Hill Side 298 kW anaerobic digester Lyon
        Avatar - Desert Hills 199 kW anaerobic digester Lyon
        Sunburst (6) 58.8 kW PV Washoe and Clark
          58.8 kW PV  
          58.8 kW PV  
          58.8 kW PV  
          58.8 kW PV  
          58.8 kW PV  
        Berken Energy 5,000 kW GeoThermalVoltaic Lyon
        Berken Energy 252 kW Thermal Voltaic Lyon
        Enigma Energy 500 kW PV Clark
        Van Norman Ranches (2) 37 kW hydro Elko
          15 kW hydro  
        Andreola Wind Farm 800 kW wind Lander
          1.2 kW wind  
        H2 Technologies     Hydrogen Stations Carson City
        Board of Regents      437 kW PV Washoe