$500K
per applicant
Loan
Below-market financing
Rolling
No fixed cutoff
Rolling
Apply when you're ready
Moderate
Underwriting required
Provides below-market loans to Minnesota businesses, nonprofits, and local governments for energy efficiency and renewable energy projects, revolving funds back into new loans as they are repaid.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Must be a Minnesota business, nonprofit organization, or local unit of government
2.Eligible: solar, wind, geothermal, biomass, HVAC upgrades, lighting, insulation
3.Loan amounts: $50K–$500K at 3–5% interest; terms up to 10 years
4.Energy audit or feasibility study required before application
5.Priority given to projects with highest energy savings per dollar invested
IRS · United States
Allows businesses to deduct up to $5.65/sq ft for commercial buildings achieving significant energy savings through improvements to HVAC, lighting, and building envelope systems. IRA expanded the deduction and allowed non-profits and government to allocate it.
NCDOR · North Carolina
Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.
DEED · Minnesota
Credit equal to 25% of investment in certified Minnesota startup companies, available to both individual and corporate investors. Certified businesses must be in technology, new proprietary products/processes, or meet other qualifying criteria. Annual statewide credit cap of $17 million.