SmartWay Finance Program

About the SmartWay Finance Program

The SmartWay Finance Program was established to award non-profit organizations and local governments competitive grants to establish national, regional, state, or local financing programs that provide financial incentives (e.g., low-cost loans, rebates, etc.) to vehicle/equipment owners for the purchase of eligible vehicle replacements, idle reduction technologies, and emission control retrofits.

In 2008, EPA awarded $3.4 million to three loan programs that help small trucking companies reduce fuel costs and emissions. Under the 2009 American Recovery and Reinvestment Act, EPA awarded $30 million to support the development of five financing programs for trucks, school buses and non-road vehicles/equipment. In 2009-2010, the SmartWay Finance Program awarded $13.5 million to support four truck financing programs.

Are you a vehicle/equipment owner interested in financing options for vehicle replacements, idle reduction technologies, and emission control retrofits?

Vehicle/equipment owners interested in applying for financing can contact the SmartWay Finance Program grantee recipients directly for financing options. Some states also have their own financing programs available.

Please note: EPA does not endorse the products or services of commercial companies. Any reference to a specific commercial product or service by trade name, trademark, manufacturer, company or otherwise does not constitute or imply the endorsement or recommendation of EPA.  The financial institutions and their loan programs listed are not government loans.  If you obtain a loan from any of these financial institutions, you are subject to their terms and conditions.