​To use the loan calculator enter:

• Loan amount in whole dollars (do not insert commas).
• Term of loan in years. A typical energy loan is for 10 to 15 years and should not exceed the useful life of project.
• Annual interest rate in two decimal places (example: 6.50). For current rates go to Energy Rates or contact program staff.
• Payment Type: Principal and interest is used for a regular amortizing loan. Interest only may apply during project construction.