Alternative Energy Revolving Loan Program

Alternative Energy Revolving Loan Program

Program Overview

The Alternative Energy Revolving Loan Program (AERLP) provides low-interest loans to increase investments in alternative energy systems and energy conservation measures in Montana.

The AERLP was established by the 57th Montana Legislature in 2001 and is managed by the Montana Energy Office, a bureau of the Department of Environmental Quality (DEQ). Since its inception, the program has provided financing for more than $10.3 million in alternative energy systems and energy saving measures installed in Montana homes and businesses. The revolving loan program is principally funded by air quality penalties collected by DEQ.

The interest rate for 2020 is fixed at 3.25 percent.

 

Notice:

Due to COVID-19 the Metcalf Building is closed to the public. If you would like to submit an application for the loan program please send it by mail or via the Montana file transfer service. See Application Forms and Checklists tab for more information.