MDA- Energy Efficiency Revolving Loan Program
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Custom/Others pending approval
Mississippi Development Authority
Oil overcharge restitution funds from the U.S. Department of Energy
Mississippi offers low-interest loans for energy efficiency projects. Eligible projects include lighting retrofits and heating and cooling system upgrades. Eligible applicants include:
- 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.