Revolving Loans
Grant: SEP ARRA
Phase One
$8,224,097 was budgeted to provide short-term, low-cost loans to developers of renewable
energy projects in Nevada. These loans will serve as a bridge financing option to provide
necessary funding for various startup costs associated with these projects. Once projects
reach a mature level and when the total financing is in place, the loans will be repaid.
- Revolving Loan News Release (pdf)
- Revolving Loan Public Notice Ranking List (pdf)
- Revolving Loan Project Photos (pdf)
Phase Two
The NSOE has issued a Request for Applications (RFA) for projects that develop or expand renewable
energy systems, energy efficiency projects, energy conservation, and manufacturing of components of
renewable energy systems in Nevada. Applicants may apply for a minimum of $100,000 and a maximum of
$1,000,000. Loan terms will be less than 15 years with an interest rate of three percent. Interested
parties should fill out the application below and mail it to the NSOE with the necessary attachments.
- Revolving Loan Application Phase Two (word)
- Revolving Loan News Release Phase Two (pdf)
- Revolving Loan Request for Applications Phase Two (pdf)
- Public Hearing for Adopting New Revolving Loan Regulations (pdf)
For the current status of each program, visit the NSOE Milestone Minder