Refrigerators/Freezers, Lighting, Lighting Controls/Sensors, Furnaces, Boilers, Heat pumps, Air conditioners, Caulking/Weather-stripping, Building Insulation, Windows, Doors, Custom/Others pending approval, Other EE
Commercial, Industrial, Local Government, Schools, Federal Government
Last Updated:
08/04/2020
Funding Source
Oil overcharge restitution funds from the U.S. Department of Energy
Summary
Mississippi offers low-interest loans for energy efficiency projects. Eligible projects include lighting retrofits and heating and cooling system upgrades. Eligible applicants include:
Corporations
Public school districts
Hospitals (public, private, and non-profit)
Institutions of higher learning
Sole proprietors and partnerships
National or regional headquarters operations
All projects must demonstrate that they will reduce a facility's energy costs. The interest rate is 2% below the prime rate, with a maximum loan term of 10 years. Loans range from $15,000 to $500,000. 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.