621079 - Iowa Energy Saving Loans
Funding Opportunity Details
ENERGY
Final Application Deadline: Dec 31, 2025 11:59 PM
Status Posted
Posted Date Jul 21, 2025 2:21 PM
Award Amount RangeNo Limit - $1,000,000.00
Project Dates -
Award Announcement Date
Categorical Area
Recurring Opportunity
Program Officer Molly Kiick
Phone (515) 348-6219 x
Email molly.kiick@iowaeda.com
Description
The Iowa Energy Saving Loan (ESL) Program is a new revolving loan fund that will power energy savings for Iowans by offering low-interest loans for building audits, upgrades, and retrofits that increase building energy efficiency. The goal of the program is to support the Iowa Energy Plan pillar of promoting energy efficiency and conservation.
The Pilot will assist projects in affordable multifamily housing to make upgrades that lower energy usage, improve comfort, and improve air quality. The Pilot budget includes $1,000,000 available as loans for eligible projects. Rates will start at 0% interest with a 1% origination fee. Loans are available to owners of affordable multifamily buildings (20 or more units) who are active participants in Section 8, Low Income Housing Tax Credit, and/or HOME programs administered by the Iowa Finance Authority. Recipients must conduct a majority of their business in Iowa. The program will provide loans to eligible applicants on an open-enrollment basis. Loans provided must be fully amortized by the year in which the upgrades exceed their expected useful life, up to 7 years after the upgrades are completed.
Loan funding is available for projects that are 1) recommended by an eligible energy audit, 2) life-cycle cost effective, 3) either reduce energy intensity or increase control of energy use during peak times, and 4) either lower energy costs, increase comfort, or improve air quality. Sample eligible project measures may include, but are not limited to:
• Qualifying energy audits
• Weatherization measures, such as replacement of weatherstripping
• HVAC system upgrades or replacement
• Building energy management systems
The Iowa Energy Saving Loan program is funded by the Energy Efficiency Revolving Loan Fund (EE RLF) Capitalization Grant Program, established as part of the Infrastructure Investment and Jobs Act to provide capitalization grants to states to establish revolving loan funds. All grant awards made under this program shall comply with applicable laws including, but not limited to, 2 CFR Part 200 as amended by 2 CFR Part 910, IIJA Section 40501 and 40502, National Environmental Policy Act, Davis-Bacon Act, Section 106 of the National Historic Preservation Act (NHPA), and Build America, Buy America. Construction or purchase of equipment cannot occur ahead of award selection and federal requirement clearance.
The ESL program pilot will remain open to applications until December 31, 2025, or as long as funds remain available. Further program details and materials are provided on the Iowa EDA website at https://opportunityiowa.gov/community/energy/iowa-energy-saving-loan-program Questions may be directed to Molly Kiick, molly.kiick@iowaeda.com or (515) 348-6219.
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