MDA- Energy Efficiency Revolving Loan Program

Last updated: August 28, 2018

Program Overview

Implementing Sector:	State
Category:	Financial Incentive
State:	Mississippi
Incentive Type:	Loan Program
Web Site:	https://www.mississippi.org/home-page/our-advantages/incentives/business-financing/
Administrator:	Mississippi Development Authority
Funding Source:	Oil overcharge restitution funds from the U.S. Department of Energy
Eligible Efficiency Technologies:	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

Authorities

Name:

Miss. Code § 57-39-39

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.

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