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 2018 is fixed at 3.50 percent.

**NOTICE**

Due to a recent Legislative fund transfer, the Alternative Energy Revolving Loan Program is projected to receive more requests for loans than funds are available. DEQ will continue to accept and process applications on a rolling basis; however, funding for eligible applications will be prioritized using application ranking criteria. Please see the Ranking Criteria & Procedures for more details. The next scheduled application scoring dates are April 19, and May 4, 2018. Scoring dates are subject to change. Please contact AERLP staff with questions. Posted April 12, 2018.