Solar & Battery Regulation & Incentive Programs

Corn Belt Power Cooperative - Commercial and Industrial Loan Program

Program Overview

Category:: Financial Incentive
Program Type:: Loan Program
Implementing Sector:: Utility
State:: Iowa
Eligible Storage Technologies:: Yes; specific technologies not identified
Website:: http://www.cbpower.coop/aspx/general/clientpage.aspx?pageid=218&n=911&n1=912&n2=970
Maximum Loan:: $150,000
Loan Term:: Equipment eligible up to 7 years
Building, Real Estate, Infrastructure, and Housing eligible up to 10 years
Interest Rate:: varies depending on prime rate
Administrator:: Corn Belt Power Cooperative
Applicable Sectors:: Commercial, Industrial
Utility:: Boone Valley Electric Coop, Franklin Rural Electric Cooperative, Grundy County Rural Elec Coop, Iowa Lakes Electric Coop, Midland Power Coop, Prairie Energy Coop, Butler County Rural Electric Cooperative, Calhoun County Electric Cooperative Association, Raccoon Valley Electric Cooperative
Last Updated:: 06/17/2019

Summary

Corn Belt Power Cooperative is a generation and transmission electric cooperative that provides power to nine distribution rural electric cooperatives and one municipal electric cooperative. These utilities provide power to farms, rural residences, small towns and commercial/industrial customers in 41 northern Iowa counties.

Corn Belt Power Cooperative created the POWER Fund Revolving Loan Program to with the goal of improving the quality of life in rural areas by investing in long-term improvements in local economies.

The member cooperatives participating in the program are:

1. Iowa Lakes Electric Cooperative

2. Midland Power Cooperative

3. Boone Valley Electric Cooperative

4. Prairie Energy Cooperative

5. Franklin REC

6. Butler County REC

7. Raccoon Valley Electric Cooperative

8. Calhoun County REC

9. Grundy County REC

Visit the program website for more information.