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Funding Resources

Funding Resources
MS Energy Investment Program
Type of IncentiveLoan
Eligible StatesMS
Eligible TechnologyBackpressure Turbine, Boiler, Combustion Turbine, Condensing Turbine, Extracting Turbine, Fuel Cell, Microturbine, Other, Reciprocating Engine, Heat Recovery Generator, Stirling Engine
Eligible Fuel# 2 Fuel Oil, # 6 Fuel Oil, Biogas, Biomass, Coal, Hydrogen, LFG, Municipal Solid Waste, Natural Gas, Other, Tire-Derived Fuel, Waste Heat Recovery
Eligible Project SizeAll (MW)
Number of Awards

 

Size of AwardThe Mississippi Energy Investment Program, administered by the Mississippi Development Authority, is designed for making loans to qualified borrowers to promote development and demonstration of efficient and commercially feasible technologies and processes in the state. Loan applicants should effectively use the state's existing alternative and conventional energy resources to foster economic and social growth.

Loan recipients will secure an interest rate 3% below the prime rate, with a maximum loan term of 10 years. Loans range from $15,000 to $300,000. This program is supported by a revolving loan fund of $7 million, established through federal oil overcharge funds.
Start Date1/1/1989
End Date

 

Minimum Efficiency(%)

 

Additional InformationThe availability of funds wavers from month-to-month based upon received payments from prior borrowers. Please check with the contact for the most up-to date availability of funds.

* This program has no set expiration date.
Web Sitehttp://www.mda.state.ms.us/content.aspx?url=/page/2913& Exit EPA
Primary ContactFinancial Services Division
510 George Street
Suite 300
Jackson, MS 39205-0850
U.S.A.
Financial Services Division (financial@mississippi.org)
(601) 359-3552
(601) 359-3619

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