Georgia Green Loans Save & Sustain Program

Last updated: August 28, 2018

Program Overview

Implementing Sector:	Non-Profit
Category:	Financial Incentive
State:	Georgia
Incentive Type:	Other Incentive
Web Site:	http://www.georgiagreenloans.org
Administrator:	Georgia Green Loans
Funding Source:	U.S. Small Business Administration; other funding sources based upon location
Start Date:	04/01/2010
Eligible Renewable/Other Technologies:	Solar Photovoltaics
Eligible Efficiency Technologies:	Lighting, Chillers, Furnaces, Boilers, Heat pumps, Air conditioners, Caulking/Weather-stripping, Building Insulation, Windows, Doors, Custom/Others pending approval, Other EE, Yes; specific technologies not identified

Summary

Georgia Green Loans, a non-profit microlending agency, offers funding to "green" businesses using funding from a Georgia Environmental Finance Authority (GEFA) grant. The GEFA grant is based on State Energy Program funding from The American Recovery and Reinvestment Act of 2009 (ARRA). Georgia Green Loans is using this funding for the "Save & Sustain" program to subsidize commercial energy audits for Georgia small businesses and commercial property owners, and to provide low-interest loans for energy-efficient improvements. Georgia Green Loans will cover most of the costs for commercial energy audits through a select group of energy auditing partners, allowing businesses to inform decisions on energy efficiency improvements.

Loan amounts range from $500 to $50,000 and loans may be used for a variety of technologies, including HVAC systems, insulation, and Energy Star appliances. The maximum term of the loan is five years. Loans are available to renewable energy and energy efficiency businesses, in addition to other types of "green" businesses.

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