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Energy Revolving Loan Fund (ERLF)

The Rhode Island Energy Revolving Loan Fund (“ERLF”) offers low-interest loans to businesses for energy savings investments. Loans will be awarded to companies located in Rhode Island pursuing any of a wide range of energy upgrades. Companies can install renewable energy projects, make their facilities more energy efficient or purchase new energy saving equipment.

The loan payments will revolve back into the loan fund for a period of 10 years. The money in this loan fund comes entirely from reprogrammed stimulus money after the American Recovery and Reinvestment Act expired in September 2013. All projects must adhere to ARRA Terms and Conditions including Buy America Compliant, Davis Bacon and ARRA Flow Down Requirements.

Application Materials