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Renewable Energy Loan



 

Desirous of reducing your energy bill?

Renewable energy sources can significantly impact our way of life. Solar, Hydropower, Biomass and Wind sources are sustainable and positively benefit our climate, health, and economy for generations to come.

The use of renewable energy, together with energy efficiency practices, will lower energy costs; boost Dominica’s foreign exchange reserves by reducing energy imports and stimulating the growth of non-traditional businesses.

 

Loan limit: from EC$3,000-EC$100,000.00 and US$10,000.00- US$500,000.00 

Interest rate: 5% on reducing balance

Repayment period: 5 - 12 years

Optional grace period on principal: 6 - 12 months

 

Use of funds (includes but not limited to):
  • Purchase of equipment
  • Installation of equipment
  • Energy Audits


To qualify you must:
  • Be a citizen of the Commonwealth of Dominica
  • Be over 18 years of age


Benefits:
  • Reduce your energy bill
  • Preserve the environment
  • Optional grace period on principal

To apply call 448-2853 for an appointment with a Credit officer and come talk with us!