Solar & Battery Regulation & Incentive Programs

Columbia Water & Light - Commercial Energy Efficiency Loans

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
Utility
State:
Missouri
Eligible Storage Technologies:
Solar Water Heat, Solar Space Heat, Lighting, Furnaces, Heat pumps, Air conditioners, Other EE, LED Lighting
Website:
http://www.columbiapowerpartners.com/commercial/commercial-energy-efficiency-loans/
Maximum Loan:
$30,000
Loan Term:
Up to 3 years: 1%
4 to 5 years: 3%
6 to 10 years: 5%
Applicable Sectors:
Commercial, Industrial, Nonprofit
Start Date:
06/01/2010
Utility:
City of Columbia
Last Updated:
06/03/2020

Summary

Columbia Water & Light (CWL) offers fixed, low-interest rate loans with no prepayment penalties to commercial customers making energy efficiency improvements under the commercial energy efficiency loan program. Financing is available to approved C&I rate customers for a variety of energy efficiency improvements, including the initial energy efficiency assessment, air conditioners, heat pumps, lighting, and solar water heaters. All requirements concerning minimum insulation levels, energy efficiency technologies, credit history, deed of trust, and ASHRAE Level II energy assessments must be met.

The process involves several steps. First, the customer should have an ASHRAE Level II energy assessment conducted and complete a commercial loan application. Upon approval, the customer may proceed with completing the energy efficiency project(s). After a post-assessment and final inspection, the customer will receive the check for the loan. Visit the program website for more information.

Super Saver Loans do not subordinate to other loans a customer may have on its property. If a customer refinances a current business loan or sells its building, the customer is required to pay off the Super Saver Loan. Requesting subordination of your Super Saver Loan generally takes at least 2 months. Contact CWL with any questions about subordination.