July 1, 2014 – The Missouri Department of Economic Development announced today it is making available $7.5 million in low-interest loans to public schools, public/private colleges and universities, local governments, public water and wastewater treatment facilities, and public/private not-for-profit hospitals to complete energy-efficiency and renewable energy projects throughout the State of Missouri.
The department’s Division of Energy is accepting loan applications from July 1 through October 31, for projects costing between $5,000 and $1.5 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 $1.5 million.
The loans provide financing for energy-saving investments such as lighting systems, waste heat recovery or combined heat and power systems, renewable energy systems, insulation, heating and cooling systems, and other measures that reduce energy use and cost.
Loans to public schools and local governments do not count against debt limits or require a public vote or bond issuance. Loans are repaid from energy savings achieved.
To read the full press release, click here. For more information or to apply for the loan, visit the Department of Economic Development Energy Loan Program webpage.