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Section 31-7-14 of the Mississippi Code allows universities, community colleges, public hospitals, private "nonprofit" hospitals, state agencies, local governing authorities and school districts to lease-purchase energy efficiency services and/or equipment for up to fifteen (15) years. Through the Energy Efficiency Lease Program, public entities have access to pre-arranged, tax-exempt lease purchase financing. A public entity can reduce high origination fees, and streamline the otherwise lengthy funding process by participating in this program. Program participation also provides access to a team of technical, legal, and financial professionals.
The Energy Efficiency Lease Program can be used to fund the following types of contracts:
General Program Steps:
For more information on the Energy Efficiency Lease program, contact Terrence Spears.