MDA- Energy Efficiency Revolving Loan Program

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Eligibility: 
Commercial
Industrial
Local Government
Schools
Federal Government
Savings Category: 
Refrigerators/Freezers
Lighting
Lighting Controls/Sensors
Furnaces
Boilers
Heat Pumps
Air conditioners
Caulking/Weather-stripping
Building Insulation
Windows
Doors
Custom/Others pending approval
Other EE
Program Info
Sector Name: 
State
Administrator: 
Mississippi Development Authority
Funding Source: 

Oil overcharge restitution funds from the U.S. Department of Energy

State: 
Mississippi
Program Type: 
Loan Program
Summary: 
Mississippi offers low-interest loans for  energy efficiency projects. Eligible projects include lighting retrofits and heating and cooling system upgrades. Eligible applicants include:
  • Corporations
  • 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.