Incentives/Policies for Renewables & Efficiency
Energy Loan Program Last DSIRE Review: 04/14/2009
Incentive Type: State Loan Program
Eligible Efficiency Technologies: Lighting, Air conditioners, Building Insulation, Windows, Custom/Others pending approval, Other Unspecified
Eligible Renewable/Other Technologies: Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Biomass
Applicable Sectors: Schools, Local Government, Institutional, Public Hospitals, Water Treatment Facilities
Maximum Amount: $1 million
Terms: Rates set 0.5% below 20-Bond Index interest rate (see website for details);
Terms of up to 15 years
Program Budget: $3.8 million (FY 2009 application cycle)
Expiration Date 10/15/2008 (FY 2009 application cycle, now expired)
Web Site: http://www.dnr.mo.gov/energy/financial/loan.htm
Authority 1: R.S. Mo. § 640.651 et seq.
Date Effective: 1989
This loan program, administered by the Energy Center of the Missouri Department of Natural Resources (DNR), is available for energy efficiency and renewable energy projects for public and governmental buildings and structures. Loan amounts are based on projected energy savings, resulting in monetary savings that is used to repay the loan. Financing is available at a fixed interest rate below the market rate, and repayment schedules are determined on an individual project basis. Repayment schedules may not exceed 15 years. Loans under this program are determined on a competitive basis according to sector and payback period.
Up to $3.8 million in loan funding was available for the FY 2009 funding cycle (expired October 15, 2008) in amounts of up to $1 million. Sector allocations are listed below, with unused funds being made available to other other eligible sectors.
* Public Schools (K-12) – 50%
* City and County Governments – 25%
* Public Higher Education Institutions – 25%
Since the program’s inception in 1989, loans totaling over $80 million have been made to the applicable sectors, resulting in an estimated savings of $146 million. The Missouri DNR released the list of FY 2009 awardees in December 2008.
Missouri Department of Natural Resources
P.O. Box 176
Jefferson City, MO 65102
Phone: (800) 361-4827
Fax: (573) 751-6860
Web Site: http://www.dnr.mo.gov/energy/index.ht