how to build your own site

RENEWABLE ENERGY &
ENERGY EFFICIENCY LOANS

Purpose/Use of Funds:

• Funds can be used for any project that is energy efficient or uses renewable energy.


Term:

• Every one project can receive a maximum of $270,000 XCD for a maximum of 8 years at an interest rate of 6%.

Eligible Persons:

• Small and medium-sized (no more than 200 employees) business owners interested in undertaking a renewable energy or energy efficiency project.


Grace Period:

• A grace period of no more than 8 months will be given during the implementation phase.

 

Security:

Similarly to all other loans provided by the Bank, this loan must be secured using any or a combination of the following:

• Cash deposit

• Assignment of shares from a reputable business institution

• Mortgage on property

• Any other collateral that may be deemed acceptable.