Last DSIRE Review: 06/12/2009
Program Overview:
| State: |
Mississippi |
| Incentive Type: |
State Loan Program |
| Eligible Efficiency Technologies: |
Custom/Others pending approval |
| Eligible Renewable/Other Technologies: |
Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Landfill Gas, Biomass, Hydroelectric, Renewable Transportation Fuels, Geothermal Electric, Municipal Solid Waste, CHP/Cogeneration |
| Applicable Sectors: |
Commercial, Industrial |
| Amount: | $15,000 - $300,000 | | Maximum Incentive: | $300,000 | | Terms: | 3% below prime rate; 7-year repayment term | | Funding Source: | Oil overcharge restitution funds from the U.S. Department of Energy |
| Web Site: |
http://www.mississippi.org/index.php?id=340
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Summary:
Mississippi offers low-interest loans for renewable energy and energy efficiency projects. Eligible renewable energy technologies include solar thermal, solar space heat, solar process heat, photovoltaics (PV), alternative fuels, geothermal, biomass, landfill gas and hydropower. All projects must demonstrate that they will reduce a facility's energy costs. The interest rate is 3% below the prime rate, with a maximum loan term of seven years. Loans range from $15,000 to $300,000. This program is supported by a revolving loan fund of $7 million, established through federal oil overcharge funds.
Applications are provided to interested parties by request. Contact the Mississippi Development Authority for more information.
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