The Energy Efficiency Revolving Loan Fund provides loans to businesses that are increasing energy efficiency in their buildings, equipment and processes.
EXAMPLES OF ELIGIBLE PROJECTS INCLUDE
- Lighting Retrofit
- Heating and Cooling Systems
Job creation and the use energy efficient practices are the goal of the Energy Efficiency Revolving Loan Fund. Entities use of energy efficient practices that are eligible under this program include:
- Public School Districts
- Hospitals (Public and Private "non-profit")
- Institutions of Higher Learning
- Sole Proprietors and Partnerships
- National or regional headquarters
Eligible entities that promote the development and demonstration of efficient, environmentally acceptable and commercially feasible technology and processes, and that also utilize Mississippi’s existing energy resources, public utilities and/or developing resources that foster economic growth may apply for the Energy Efficiency Revolving Loan Fund.
Loans made under the Energy Efficiency Revolving Loan Fund may be made for a maximum of ten (10) years, in amounts not to exceed $500,000 per business. The interest rate on these loans is 2% below the prime rate.
ENERGY EFFICIENCY AVAILABLE DOCUMENTS
Loan Fund Guidelines
For further details, see the Energy Efficiency Revolving Loan Fund Guidelines, Energy Efficiency Revolving Loan Fund and Section 57-39-39, MS Code 1972, Annotated.