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The U.S. Department of Energy and the North Carolina Clean Energy Technology Center are excited to announce that a new, modernized DSIRE is under construction. The new version of DSIRE will offer significant improvements over the current version, including expanded data accessibility and an array of new tools for site users. The new DSIRE site will be available in December 2014. Staff are currently working hard on the new version of DSIRE but are also maintaining the content of the current version of DSIRE. Thank you for your continued support and patience during this transition. We hope you are as excited for December as we are!

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South Carolina

South Carolina

Incentives/Policies for Renewables & Efficiency

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Energy Efficiency Revolving Loan Fund   

Last DSIRE Review: 08/14/2014
Program Overview:
State: South Carolina
Incentive Type: State Loan Program
Eligible Efficiency Technologies: Unspecified Technologies
Applicable Sectors: Commercial, Industrial, Nonprofit, Local Government, Utility, State Government
Amount:$50,000 to $1,000,000 (with some exceptions)
Terms:One and a half times the loan payback period with a 10 year maximum.
Web Site:
The Energy Efficiency Revolving Loan Fund is administered by the Business Development Corporation via a contract with South Carolina Jobs-Economic Development Authority. The primary target of this program is business and industry, although utilities, non-profits and government entities may be eligible under certain circumstances.
The general amount of funds loaned per project is between $50,000 and $1,000,000, although exceptions can be made. The loans are to be paid back after one and one half times the projected payback period of the loan (e.g. a borrower has 6 years to pay off a loan with a 4 year projected payback). The maximum loan term is 10 years. Interest rates will vary depending upon the transaction.

To apply for funding, applicants must first commission a technical analysis by a Professional Engineer, a Certified Energy Manager, or an Accredited Commercial Energy Manager to identify the most cost-effective energy measures to install. The applicant should then use the technical analysis to step is to complete the application and then submit both the application and the analysis.

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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2014 - 2015 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.