The Alternative Energy Revolving Loan Program

Program Type Loan Program
Technologies Solar Water Heat, Photovoltaics, Landfill Gas, Wind, Biomass and Geothermal Heat Pumps
Amount Varies; maximum $60,000, Up to 15 years; 4.0 percent interest rate for 2010
Required Documentation Loan Application
Official Web Site http://www.deq.mt.gov/Energy/Renewable/altenergyloan.mcpx

Montana offers The Alternative Energy Revolving Loan Program (AERLP) for residents who want to install building insulation, windows, doors, or appliances as part of an alternative energy project on their property.

The loan must be applied for and is available for up to 15 years with a maximum payout of $60,000. Interest rates are set annually and fixed for the term of the loan. The rate for 2010 is four percent.

The Department of Environmental Quality (DEQ) accepts application year round. Applications are ranked based on system reliability, return on investment and potential for avoided fossil fuel consumption. If approved, applicants will be notified of available funds, or if there are no funds currently available, they will be notified of when new funds are anticipated to be available.

State