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
Rural Energy Advancement Grant
Energize Delaware is now offering grant funds for rural businesses that have not received or been accepted into the USDA Rural Energy for American Program (REAP) Grant.