Salt Lake City is accepting applications from local businesses for its Energy Efficiency Revolving Loan Fund.
The loan fund is designed to work with incentive and rebate programs from Rocky Mountain Power and Questar Gas to provide Salt Lake City business owners with low-interest loans between $5,000 and $35,000 to fund energy-efficient equipment upgrades and building retrofits.
Administered by the city’s Community & Economic Development Department and its Division of Sustainability, the loan fund aims to help businesses reduce their energy usage, cut down on their carbon emissions and positively impact their economic bottom lines.
And, according to a statement from the city, the loans are designed to be virtually cash flow neutral for participating businesses. The goal is for loan funds to be paid back with the savings created by the efficiency upgrades. Salt Lake Tribune
