Missouri’s Department of Natural Resources is now accepting low-interest loan applications for energy improvements.
Public K-12 schools, public colleges and universities, local governments – including municipal, regional, and international airports – public water and wastewater treatment plants, and public and nonprofit hospitals can apply for a total of $ 5 million in Energy Efficiency and Renewable Energy Projects across the country.
The loan application period runs from June 1 to September 30, 2021 for loans between $ 10,000 and $ 1 million. Loan applications are assessed by the department’s energy department on the first-come-first-served principle. If there is still money left after reviewing and prioritizing applications, then loans over $ 1 million will be considered.
The loans managed under the energy credit program are used to finance energy-saving investments such as high-efficiency lighting fixtures and lamps, high-efficiency heating, ventilation and air conditioning systems, combined heat and power, renewable energy systems, waste heat recovery, energy-efficient fine-bubble diffusers and high-efficiency pumps, building envelope improvements such as insulation and others Infiltration measures and other measures to reduce energy consumption and costs. Loans are repaid from the energy savings achieved. Loans to public schools and local governments do not count towards debt limits or require public voting or the issuance of bonds.
To learn more about the Energy Loan Program, visit energyloan.mo.gov or call the Missouri Department of Natural Resources Energy at (573) 751-2254 or toll free at (855) 522-2796.