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Funding Resources
Funding Resources
| MS Energy Investment Program | |
|---|---|
| Type of Incentive | Loan |
| Eligible States | MS |
| Eligible Technology | Backpressure 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 Size | All (MW) |
| Number of Awards |
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| Size of Award | The 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 Date | 1/1/1989 |
| End Date |
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| Minimum Efficiency(%) |
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| Additional Information | The 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 Site | http://www.mda.state.ms.us/content.aspx?url=/page/2913&  |
| Primary Contact | Financial 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 |