BUSINESS
Financing & Loan Programs
The Delaware Property Assessed Clean Energy (C-PACE) program helps commercial, industrial, agricultural, nonprofit, and multifamily property owners access long-term, affordable financing for energy efficiency and renewable energy upgrades. Through C-PACE, qualifying building owners can improve energy performance, lower operating costs, and increase property value with little to no upfront capital.
Low-Interest Commercial Loan Program
Eligibility
Available to all credit-qualified businesses in existing Delaware facilities, owned or leased.
For full details, see the Policies and Procedures Manual.
Loan Details
- Loan amounts: $30,000–$2,000,000 (based on fund availability)
- Maximum outstanding balance per borrower: $2,000,000
- Interest rates: 50%–120% of 20-year AA-rated municipal bond yields (set by Loan Committee)
- Loan terms: Up to 20 years, based on project cash flow and savings
Minimum Requirements
- Projects must be supported by:
– Energy assessment for efficiency measures
– Feasibility study for renewable energy systems - Contractors must comply with: Energize Delaware’s Responsible Contractor Policy
- Delaware prevailing wage (if contracts exceed $50,000)
- Applicants must show: Strong credit history, financials, and repayment ability
Eligible Activities
- Installing energy efficiency or renewable measures at owned/leased sites
- Energy audits
- Code-related repairs or safety improvements are needed for energy savings
Interest Rates: Vary by application type and may change
Contact
Program Info: Luana Spalluto – luana.spalluto@deseu.org
Application Assistance: Stephanie Maves – 800-361-5663 x6953 or smaves@slipstreaminc.org