Combined Heat and Power Partnership
Energy Revolving Fund Loans
| Date Last Updated | 11/16/2012 |
| Incentive Type | Loan |
| State/Federal | MO |
| Incentive Administrator/Contact Office | Missouri Department of Natural Resources - Division of Energy |
| Incentive Initiation Date | 1/1/1989 |
| Incentive Size and Funding Source | The Missouri Energy Revolving Fund Loan Program, administered by the Division of Energy in the Missouri Department of Natural Resources (DNR), is available for energy efficiency and renewable energy projects for public and governmental buildings and structures. Funding for the loans comes from the Petroleum Violation Escrow (PVE) Funds. Loan amounts are based on projected energy savings from energy efficiency upgrades, which result in monetary savings that are used to repay the loan. Since the program's inception in 1989, loans totaling nearly $82 million have been made through this program, resulting in an estimated cumulative energy savings of $117 million. Each applicant may apply for a loan not to exceed $500,000. Loan applications below $20,000 will not be considered. If sufficient funds remain after review and priority ranking of applications, the department will consider awarding loans in excess of $500,000. Loans will be awarded for a repayment period not to exceed 10 years. The Missouri Department of Natural Resources is making available approximately $5 million in loan financing for qualified energy efficiency and renewable energy projects this loan cycle. The interest rate is 2.5%. |
| Eligible Recipient | Eligible recipients include public schools, public colleges and universities, city governments and county governments. |
| Eligible Fuel | Does Not Specify |
| Eligible Project Size (MW) | Does Not Specify |
| Minimum Efficiency Required (%) | Does Not Specify |
| Application Form(s) | Loan Application (PDF) (34 pp, 1.34MB) |
| Other Incentive Details | Loans are offered during a competitive award cycle that has previously run from July to October, with loan agreements awarded in December. |
| Resource Website(s) |
