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Business Application Form - Alternative Energy Revolving Loan Program (Aerlp) - Montana
Business Application Form - Loan Program (Aerlp) is a legal document that was released by the Montana Department of Environmental Quality - a government authority operating within Montana.
FAQ
Q: What is the Alternative Energy Revolving Loan Program (AERLP)?
A: The Alternative Energy Revolving Loan Program (AERLP) is a program in Montana that provides loans for alternative energy projects.
Q: What is the purpose of the AERLP?
A: The purpose of the AERLP is to promote the development and use of alternative energy sources in Montana.
Q: Who can apply for the AERLP?
A: Individuals, businesses, nonprofit organizations, and government entities in Montana can apply for the AERLP.
Q: What types of alternative energy projects are eligible for funding through the AERLP?
A: Projects related to solar, wind, geothermal, biomass, hydroelectric, and other renewable energy sources are eligible for funding through the AERLP.
Q: How much funding can be obtained through the AERLP?
A: The maximum loan amount is $40,000 for residential projects and $100,000 for commercial or government projects.
Q: What are the loan terms for the AERLP?
A: The loan terms vary based on the project, but generally range from 5 to 15 years with interest rates between 2% and 3%.
Q: Is there a deadline for submitting an application to the AERLP?
A: There is no specific deadline for submitting an application to the AERLP, as applications are accepted on an ongoing basis until funding is fully allocated.
Q: Are there any additional requirements or qualifications for the AERLP?
A: Yes, applicants must meet certain creditworthiness criteria and provide detailed information about the proposed project, including estimated costs, timelines, and expected energy savings.
Q: What happens after I submit an application to the AERLP?
A: After submitting an application, it will be reviewed by the Montana Department of Environmental Quality, and if approved, you will receive a loan agreement to finalize the funding process.
Form Details:
- Released on March 1, 2021;
- The latest edition currently provided by the Montana Department of Environmental Quality;
- Ready to use and print;
- Easy to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the Montana Department of Environmental Quality.
Download Business Application Form - Alternative Energy Revolving Loan Program (Aerlp) - Montana
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