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Alternative Energy Revolving Loan Program (AERLP)
Montana — state programMaximum loan amount: $40,000; 2026 interest rate: 3.5 percent, fixed for the term of the loan, 4.023% APR
Provides low-interest loans to individuals, small businesses, local governments, university units, and nonprofits in Montana to finance alternative energy systems (e.g., solar PV, geothermal, wind, biomass) and energy conservation measures installed in conjunction with an alternative energy system. The program is managed by the Montana Energy Office within DEQ and is principally funded by air quality penalties.
Program details
- Type
- loan
- Amount
- Maximum loan amount: $40,000; 2026 interest rate: 3.5 percent, fixed for the term of the loan, 4.023% APR
- Eligibility
- Individuals, small businesses (independently owned and operated, not dominant in its field, employing 100 or fewer individuals), units of local government, units of the university system, and nonprofit organizations. Projects must be located in Montana, be technically appropriate for Montana's climate, be proven reliable and commercially available, and generate energy for the sole use of the owner (net metering systems eligible).
- Status
- open
- Administrator
- Montana Department of Environmental Quality (DEQ) / Montana Energy Office
Source: Montana — state program. Confirm current terms with the administering agency before applying.