Each of the three programs within the Loan Programs Office has its own eligibility requirements. Below is a general overview of each program’s requirements.
ATVM loans may be made to applicants who are technically and financially eligible to finance the cost of:
In order to be technically eligible for an ATVM loan, an applicant must be either:
In order to be financially eligible for an ATVM loan, an applicant must be financially viable without the receipt of additional federal funding for the proposed project.
Please see Section I of the “Updated Guidance for Applicants to Advanced Technology Vehicles Manufacturing Loan Program” for more information on general eligibility requirements.
If you are not eligible for the ATVM Loan Program, click here to learn about several other government programs that offer support for clean energy projects.
The Section 1703 Loan Program authorizes loan guarantees made to support innovative clean energy technologies that are typically unable to obtain conventional private financing due to high technology risks. In addition, the technologies must avoid, reduce, or sequester air pollutants or anthropogenic emissions of greenhouse gases. Commercial technologies (i.e., technologies with more than three implementations that have been active for more than five years) are NOT eligible for the Section 1703 Loan Program.
Technologies LPO considers include:
In order to be eligible for a Section 1703 loan, an applicant must:
The Section 1705 Loan Program authorized loan guarantees for certain renewable energy systems, electric power transmission systems and leading edge biofuels projects that commenced construction no later than September 30, 2011. The Section 1705 Loan Program expired on September 30, 2011. LPO will continue to actively monitor projects that previously received loan guarantees under the program, but no new loan guarantees will be issued under the Section 1705 program.
In order to be eligible for a section 1705 loan, an applicant must: