SALT LAKE CITY — The city’s Community and Economic Development Department, in partnership with the Division of Sustainability, is accepting applications from local businesses for the Energy Efficiency Evolving Loan Fund.
The loan fund works in conjunction with incentive and rebate programs from Rocky Mountain Power and Questar Gas to provide Salt Lake business owners with low-interest loans between $5,000 and $35,000 to fund energy-efficient equipment upgrades and building retrofits.Comment on this story
The program is designed to be virtually cash flow neutral, as the goal is for loan funds to be paid back with the savings created by the efficiency upgrades. The loan fund aims to help businesses reduce their energy usage, cut down on their carbon emissions and positively impact their economic bottom lines, according to a press release from the city.
Potential projects include lighting and HVAC system upgrades, energy efficient restaurant equipment (ovens, refrigerators, etc.) purchases, programmable thermostat and occupancy sensor installations and many others. Preference will be given to energy saving projects over renewable energy projects.
To apply for the loan and find more information visit: www.slcclassic.com.