Low interest financing available for clean energy projects

Companies interested in investing in energy efficiency and waste reduction projects can apply for low interest financing by Monday, Dec. 8. The funding is available from the new Wisconsin’s Clean Energy Manufacturing Revolving Loan Fund (CERLF), a program jointly managed by the Wisconsin Economic Development Corporation and the Wisconsin Department of Administration.

Private sector businesses are eligible for low interest loans of up to $1 million for projects that increase energy efficiency through the reduction of industrial/manufacturing facility use of fossil fuels; eliminate or reduce waste product through conversion to feedstock for energy production; and produce biogas.

Other cost-effective energy reduction or clean energy projects will also be considered for funding through the $7 million CERLF fund.

CERLF funding is awarded on a competitive basis, with preference given to food and beverage producers. Companies representing other industries are also encouraged to apply, as up to 20 percent of available funds may be awarded to non-food and beverage projects.

For more information about the CERLF program, click here.

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