Loans Available for Energy Improvements from MO Department of Economic Development

By on January 4, 2018

From STL News:  The Missouri Department of Economic Development is now accepting applications for low-interest energy improvement loans to public schools, public/private colleges and universities, local governments, local government/public owned airport facilities (municipal, county, regional, and international), public water and wastewater treatment facilities, and public/private not-for-profit hospitals. In total, the Department is making $5 million available for these entities to complete energy-efficiency and renewable energy projects throughout the State of Missouri.

The department’s Division of Energy is accepting loan applications from January 2, 2018 through March 30, 2018 for loans between $10,000 and $1 million. Loan applications will be evaluated on a competitive basis. If money remains after applications have been reviewed and prioritized, consideration will be given to loans in excess of $1 million.

“The ability to invest in energy efficiency should be available to all schools, hospitals, and governments throughout Missouri to increase energy affordability,” Kristy Manning, Director of the Missouri Division of Energy said. “The Energy Loan Program creates jobs in many facets of the economy and by cutting costs on energy, allows taxpayer dollars to be spent on other priorities.”

Loans are repaid from energy savings achieved. Loans to public schools do not count against debt limits or require a public vote or bond issuance.

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