Iowa Energy Fund

Name

Iowa Energy Fund

Legal name

Iowa Energy Fund

Website

https://iowaenergyfund.org

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Green Banking / Clean Energy Financing

NAICS

Grantmaking and Giving Services (81321)

akta.pro primary industry

Climate Finance Strategy (CapEx planning, green finance, incentives & grants) (EUABAKAG)

akta.pro secondary industries

Energy Efficiency & Green Retrofit Financing (FSALAHAK), Renewable Energy & Clean Tech Access (Off-grid, Energy Poverty Solutions) (BPAGALAE), Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF)

Keywords

• Clean energy financing
• Commercial lending services
• Green bank lending
• Renewable energy loans
• Building efficiency funding

Headquarters

HQ city

West Des Moines

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Loan Interest Income: IEF provides commercial loans of $100,000 or greater with rates between 4.0% to 5.0% APR, plus origination fees. They participate in construction loans, ITC bridge loans, and longer-term financing with 20-25 year amortization. Revenue is generated through interest and fees on loan portfolios.
2. Donations and Charitable Contributions: IEF accepts donations at four giving levels: Silver ($1,000), Gold ($2,500), Platinum ($5,000), and Cornerstone ($10,000). These donations support the organization's mission to fund building efficiency and renewable energy projects across Iowa.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Iowa Energy Fund provides low-cost commercial loans of $100,000 or greater at 4.0% to 5.0% APR for building efficiency, renewable energy (solar, storage, geothermal, wind), and zero-emissions transportation projects across Iowa. It complements its financing with technical assistance and a network connecting Iowa-based funders, developers, contractors, energy auditors, architects, engineers, and installers to make clean energy projects easier to plan and finance. It prioritizes Low Income Disadvantaged Communities (LIDACs) while serving all Iowa communities.

Product overview

Iowa Energy Fund is a non-profit organization offering a unified suite of financing and support services for clean energy projects. The core offering consists of commercial energy loans ($100,000+) at 4.0-5.0% APR for building efficiency, renewable energy (solar, storage, geothermal, wind), and zero-emissions transportation projects, complemented by technical assistance and vendor network connections to help projects reach completion. The organization prioritizes Low Income Disadvantaged Communities (LIDACs) but serves all Iowa communities.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Energy Loans Low-cost commercial loans of $100,000 or greater with rates of 4.0% to 5.0% APR plus reasonable origination fees. The program emphasizes short-term construction and ITC bridge loans but also supports longer terms with 20-25 year amortization. Loans fund building efficiency, renewable energy (solar, storage, geothermal, wind), and zero-emissions transportation projects across Iowa, with priority for Low Income Disadvantaged Communities (LIDACs).
• Technical Assistance Expertise and guidance provided to help Iowa financial institutions, municipalities, and non-profits access federal Inflation Reduction Act funds, identify viable projects, and plan renewable energy and building efficiency initiatives. Targets community organizations serving low-income populations and Iowa-based funders, developers, and vendors.
• Vendor and Financing Partner Network Connection services that link Iowa-based funders, developers, non-profit organizations, and vendors — including general and specialized contractors, energy auditors, architects and engineers, and solar and battery storage installers — to make renewable energy and building efficiency projects easier to plan and finance.

Quantifiable outcome

• Reduce energy cost burdens for low-income Iowans
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered core and supporting.

• U.S. Green Bank 50 (GB50)coreStrategic or Co-development Partner · 23 September 2024IEF launched as part of U.S. Green Bank 50, the largest-ever partnership between clean energy-focused state and local green banks. GB50 acts as a hub for state and local green banks to build and share best practices, coordinate and leverage shared resources including tools, research, news, technology and innovation, and advocate for the collective needs of the rapidly growing green financing industry. The coalition includes 50 US Green Banks working to coordinate IRA funding.
• U.S. Environmental Protection AgencycoreStrategic or Co-development PartnerEPA Green House Gas Reduction Fund provides the federal funding that IEF helps channel to Iowa projects. IEF serves as an implementation hub for EPA GHGRF funds in Iowa.
• Community organizations serving low-income populationscoreStrategic or Co-development PartnerIEF works with organizations that collaborate with low-income communities to create no-or-low carbon affordable housing solutions.
• Inclusive Prosperity CapitalsupportingStrategic or Co-development PartnerListed as a resource partner on IEF's resources page, providing financing expertise for clean energy projects.
• Coalition for Green CapitalsupportingStrategic or Co-development PartnerListed as a resource partner on IEF's resources page. Coalition for Green Capital supports the green bank movement nationally.
• GRID AlternativessupportingStrategic or Co-development PartnerListed as a resource partner on IEF's resources page. GRID Alternatives provides solar installation services to underserved communities.
• Iowa Energy OfficesupportingStrategic or Co-development PartnerListed as a resource partner on IEF's resources page. Iowa Energy Office under Iowa Economic Development Authority provides state-level energy programs.
• Iowa Councils of GovernmentssupportingStrategic or Co-development PartnerListed as a resource partner on IEF's resources page. Regional planning organizations across Iowa that support economic development.
• The Iowa CentersupportingStrategic or Co-development PartnerBoard member Jose Venales serves as Director of Credit and Lending at The Iowa Center, a certified Community Development Financial Institution (CDFI) that strengthens Iowa's entrepreneurial landscape. The organization provides small business lending that could complement IEF's energy financing mission.
• Iowa-based funders, developers, and vendorssupportingStrategic or Co-development PartnerIEF connects Iowa-based funders, developers, non-profit organizations and vendors to make renewable energy and building efficiency projects easier to plan and finance.

Scale indicators3 records

Recent moves1 record

Direct peers

• NY Green Bank: New York State green bank that provides clean energy and sustainable infrastructure financing. Comparable as a mission-driven state financial intermediary focused on mobilizing private capital into clean energy projects.
• Colorado Clean Energy Fund: Colorado non-profit green bank financing clean energy projects across the state. Directly comparable state-scoped clean energy lender using a mix of public and private capital.
• Clean Energy Economy Fund (Minnesota): Minnesota-based clean energy financing non-profit supporting building efficiency and renewable energy. Comparable state-level green lender with similar mission to expand clean energy access.
• Coalition for Green Capital: National non-profit that designs, launches, and capitalizes green banks across the U.S. Already a resource partner to IEF. Comparable as the umbrella institution building the green bank ecosystem IEF operates within.
• Hawaii Green Infrastructure Authority: State-level green infrastructure authority administering clean energy loan and finance programs. Comparable as a state green bank delivering low-cost financing for clean energy projects.
• Inclusive Prosperity Capital: Non-profit clean energy financing intermediary already listed as a resource partner to IEF. Directly comparable as a green finance non-profit deploying capital into LMI and community clean energy projects.
• Connecticut Green Bank: Pioneering U.S. state green bank providing clean energy financing for buildings, solar, and community projects. Directly comparable as a state-level green bank using public-private capital to deploy low-cost loans for efficiency and renewable projects.
• Michigan Saves: Michigan-based non-profit green financing program providing low-cost loans for energy efficiency and renewable projects via a partner network. Highly comparable as a state-scoped, network-driven green loan program.

Broad incumbents

• Calvert Impact Capital: Large non-profit CDFI with a portfolio spanning community development, including clean energy. Comparable as a mission-driven capital provider with a broader impact investing mandate than IEF's state-scoped focus.

Regional players

• The Iowa Center: Iowa-based CDFI providing small business lending with a credit program led by an IEF board member. Comparable as a regional Iowa financial institution deploying mission-aligned capital that could overlap with IEF's customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/iowa-energy-fund

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Iowa Energy Fund