The Nevada State Office of Energy said last week it's seeking requests for proposals to finance renewable energy projects under an $8.2 million revolving loan program.
Applicants can apply for a minimum loan of $200,000 and a maximum loan of $1.645 million and must be able sign a loan contract by June 30.
Loan terms will be less than 15 years with an interest rate of 3 percent.
In addition, projects must be no more than 60 kilowatts for solar photovoltaic and 20kW maximum for wind turbines and solar thermal. They also must use a reliable, proven technology and include the expansion of an existing renewable energy system or construction of a new system.
Projects will be ranked on developer's readiness to proceed, job creation, energy generation compared to project cost and availability of additional financing. Highest-ranked projects will be presented to the Nevada Legislature's Interim Finance Committee for approval.
To apply go to http://energy.nv.gov/recovery/, and click on Revolving Loan Program.
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