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The Green Energy program is an initiative that encourages energy efficient development and improvements by offering low-interest loans to businesses, non-profit organizations and local governments in Illinois.
The Treasurer’s Office secures below-market interest rates for borrowers who finance their purchase or installation of energy efficient and renewable energy equipment at participating lenders. Projects can range from $10,000 to $10 million.
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| Treasurer Giannoulias launches the Green Energy program at a July 2008 press conference in Decatur. |
Please contact our office for more information about Green Energy by emailing cultivateillinois@treasurer.state.il.us or calling (217) 557-6436.
Uses of Green Energy loans can include:
The purchase or installation of renewable energy equipment such as
- solar panels
- solar thermal energy systems
- small wind energy systems
- equipment or upgrades to a building that will result in an overall improvement in energy efficiency
Amounts and Terms:
- Applicants can receive loans of $10,000 to $10 million.
- The below-market interest rate is available for two years with the possibility of a three-year extension.
- The Treasurer's Office may require a site visit prior to approval.
Interest Rates:
Interest rates are quoted daily here or you may call the Treasurer’s Office at (217) 782-2072. The listed rates are posted to give potential borrowers an indication of current rate figures. The final deposit rate is determined on the business day prior to issuing the loan. Lenders may charge up to 3 percentage points over the Treasurer's rate of deposit.
Program Eligibility:
Participants must have at least one of the following:
How to Apply:
Program History:
Green Energy is a one-year pilot program launched in June 2008.
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