Energy Efficiency and Electrification (E3) commercial financing covers the majority of project costs

Eligible members of all-requirements cooperatives have the valuable opportunity to expand electrical demand and stimulate local business through loans provided by the Energy Efficiency and Electrification (E3) Commercial Financing Program. Money from these pass-through loans supports conservation projects and major electrification overhauls. 

Energy savings or new energy sales projects receive generous loan terms from Energy Efficiency and Electrification (E3) commercial financing 

An E3 Fund loan covers up to 80% of eligible costs, up to $350,000. These projects must either save 100,000 kilowatt-hours or generate significant new energy sales for Great River Energy cooperative members. The useful life of relevant equipment impacts loan terms, with a maximum 10-year maturity. Beyond out-of-pocket legal expenses, the program incurs no loan closing costs. 

Find the Energy Efficiency and Electrification (E3) Commercial Financing Program terms on Great River Energy’s economic development website.