My project needs a grant, not a loan, to move forward. Can I receive a grant instead of a loan from SEP-ARRA?
No. In order to stretch the limited resources in this fund, Wisconsin will make very low interest loans under this program and deposit repayments into the Clean Energy Wisconsin Revolving Loan Fund so that more loans can be made from the fund to assist Wisconsin businesses. Moreover there are significant Recovery Act energy tax provisions that many of these projects will be able to apply to lower the project costs. A list of these provisions can be found at IRS.gov. Please consult this and your tax professional for tax guidance on using these tax provisions for your project.
Related Questions
- May I forward a summary of my project idea or submit an informal draft for feedback prior to submittting a formal application?
- My organization needs to borrow funds in an amount greater than NCCLF’s loan limit. Can NCCLF still help us?
- What are the data needs for a successful implementation project?
