Department of Administrative Services

Iowa Energy Bank

Low-Cost Financing for Public Facilities

Monica Stone, Program Manager
Location: Facilities Management Center, 109 SE 13th St, Des Moines, Iowa 50319

Welcome to the Iowa Energy Bank, a state-sponsored low interest revolving loan program for public facilities.  This revolving loan fund provides the capital necessary to implement cost-effective energy projects that will save money, improve buildings, and enhance local economies. No upfront capital is needed and loans are repaid by using energy bill savings. 

Eligible Applicants K-12 Public Schools Area Education Agencies Cities Counties Community Colleges Private Colleges and Universities Regents Universities Hospitals State Agencies

Loan Terms Loan amount determined by the project energy savings As low as 1% interest 2% closing costs 0.25% of outstanding balance annual servicing costs Up to 15 years

Put your energy into savings and apply today! Contact Brenda Easter with the Iowa Energy Bank at 515-725-2239.

Quick Links Pre-Application Program Flyer Program Guidelines