Apply for Climate Action Revolving Loan Program

The Climate Action Revolving Loan Program (CARL) assists organizations in completing energy efficiency or energy conservation projects.

Need to know

• $18,000 is currently available.
• Loan applications will be accepted until funds are no longer available. This loan program does not have a closing date for applications.
• Funds are for projects that result in substantial energy efficiency or energy conservation.
• Eligible organizations must be not-for-profit organizations 501(c)(3); 501(c)(6), cooperative, or governmental educational institutions
• Eligible organizations must be located in the Corvallis Urban Growth Boundary. This boundary can be found on the Official Zoning Map: https://apps.corvallisoregon.gov/webdocs/showdoc.aspx?docID=3480257
• This is a loan program. Funds must be paid back by the repayment deadline, and loan term can be up to ten years.
• The current interest rate is 1.5% per year. Early repayment can reduce this interest rate to 0%.
• Loans are for $10,000 or more.

Before you start

Review the Climate Action Revolving Loan Program Application Packet for detailed information about the program and what is required in an application.

The application packet is found at: http://apps.corvallisoregon.gov/webdocs/showdoc.aspx?docID=5268540

A successful application will feature a well-formed and well-researched project. It will also include proof of eligibility.

Steps

1. Review the Climate Action Revolving Loan Program Application Packet. Evaluate if your organization and your project are a good fit.
2. Prepare your application. You are welcome to contact the City with questions about the program and application process.
3. Double check that your complete application clearly provides the name and information of a contact person. This includes email address and phone number. 
4. Deliver the completed application to the City of Corvallis.
   • The preferred delivery method is in-person drop off at the front desk of City Hall, 501 SW Madison Avenue. Label it as “Climate Action Revolving Loan Application.”
   • You may also email your packet to city@corvallisoregon.gov, but please do not use email to send any documents that may contain a social security number or other sensitive data via email. If such documents are required for the application, alternate delivery methods will be needed.

What’s next

The City will review your application. Please respond quickly and completely to any follow-up questions.

The review period to evaluate an application will vary depending on the application, the project, and staff workload.

Staff will be in contact once the funding decision is made.

More information about the criteria and the review process can be found in the Application Packet.

Get help

For more information, please contact city@corvallisoregon.gov or (541) 766-6525.

Related

Visit the Corvallis Benton County Economic Development Office website, YesCorvallis.org, for other incentives and funding opportunities. Available resources include urban renewal grants and the Commercial Property Assessed Clean Energy (CPACE) program.

Find more at https://yescorvallis.org/incentives/

The City also has an annual Green Grant program for smaller projects. The funds for this program are one-time grants. The Green Grant program has wider applicant eligibility than the Climate Action Revolving Loan Program.

Learn more at https://www.corvallisoregon.gov/cm/page/green-grants

Page updated July 2025