BUSINESS

BUSINESS Financing & Loan Programs The Delaware Property Assessed Clean Energy (C-PACE) program helps multifamily property owners access long-term, affordable financing for energy efficiency and renewable energy upgrades. Through C-PACE, qualifying building owners can improve energy performance, lower operating costs, and increase property value with little to no upfront capital. Check Out the CPACE Website Here Low-Interest Commercial Loan Program Eligibility Available to all credit-qualified businesses in existing Delaware facilities owned or leased. For full details, see the Policies and Procedures Manual . Loan Details Loan amounts: $30,000–$2,000,000 (based on fund availability) Maximum outstanding balance per borrower: $2,000,000 Interest rates: 50%–120% of 20-year AA-rated municipal bond yields (set by Loan Committee) Loan terms: Up to 20 years, based on project cash flow and savings Minimum Requirements Projects must be supported by: – Energy assessment for efficiency measures – Feasibility study for renewable energy systems Contractors must comply with:  Energize Delaware’s Responsible Contractor Policy Delaware prevailing wage (if contracts exceed $50,000) Applicants must show:  Strong credit history financials and repayment ability Eligible Activities Installing energy efficiency or renewable measures at owned/leased sites Energy audits Code-related repairs or safety improvements are needed for energy savings Interest Rates: Vary by application type and may change Contact Program Info: Luana Spalluto – [email protected] Application Assistance: Stephanie Maves – 800-361-5663 x6953 or [email protected] Rural Energy Advancement Grant Energize Delaware is now offering grant funds for rural businesses that have not received or been accepted into the  USDA Rural Energy for American Program (REAP) Grant . Learn More About REAG