Incentive type:
Energy Efficiency
Technologies:
Solar, Water, Heat, Wind, Geothermal, Geothermal Heat Pumps, Select Appliances, Water Heaters, Heating and Cooling Systems, Lighting, Insulation
Date:
Launch Date : September 2012
Sectors:
Commercial
Amount:
ReEnergize Ohio offers up to a 3% interest rate reduction on new or existing small business loans when at least 50% of the loan proceeds are used to implement energy-efficient upgrades. Small businesses may apply the interest rate reduction on up to $550,000 of the loan amount for a term of four years.
Contact Information:
State Treasurer of Ohio
Economic Development Department
30 E. Broad Street, 9th Floor
Columbus, Ohio 43215-3461
Economic Development Department
30 E. Broad Street, 9th Floor
Columbus, Ohio 43215-3461
(800) 228-1102
ReEnergizeOhio@tos.ohio.gov
www.ReEnergize.Ohio.gov
Small business owners must meet the following requirements:
- MUST have headquarters in Ohio
- MUST have less than 150 employees
- MUST have a majority of employees be Ohio residents
- MUST maintain offices and operating facilities exclusively in Ohio
- MUST use at least 50% of the loan proceeds for qualifying energy-efficient upgrades; the other 50% can be used for other business expenses
- MUST be able to save or create jobs in Ohio