ReEnergize Ohio Promotes Improved Energy Performance

Written by Innovate New Albany@InnovateNA12 years ago

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ReEnergize Ohio, a partnership between the State Treasurer of Ohio and eligible state banks is offering a interest rate reduction on loans to help small business improve their energy performance through energy-efficient upgrades to everything from heating and cooling to weatherization programs and renewable energy systems.

According to the Treasurer’s office, improving energy performance of a business or home can result in energy cost-savings that offset the costs of implementing the upgrades. ReEnergize Ohio:

• Provides up to a 3% interest rate reduction on loans
• Applies the interest rate reduction on up to $550,000 of a new or existing loan for four years
• Requires that at least 50% of the loan proceeds be used for energy-efficient upgrades

For more details visit ReEnergize Ohio.

Innovate New Albany, the city’s incubator for technology startups, entrepreneurs and small businesses, features 16,000 square feet of space within the New Albany Business Park’s Signature Office Building, 8000 Walton Parkway.