Loans available for energy improvements - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Loans available for energy improvements

CAPE GIRARDEAU, MO (KFVS) -

The Missouri Department of Economic Development is now accepting applications for low-interest energy improvement loans to public schools, public/private colleges and universities, local governments, public water and waste water treatment facilities, and public/private not-for-profit hospitals. 

In total, the Department making $7.5 million available for these entities to complete energy-efficiency and renewable energy projects throughout Missouri.

The Division of Energy is accepting loan applications from September 1 through November 30, 2015 for projects costing between $10,000 and $1 million. 

If money remains after applications have been reviewed and prioritized, consideration will be given to loans in excess of $1 million.

"Energy efficiency is the best, cleanest and lowest cost resource, and the Energy Loan Program is a real testament to that," said Mike Downing, director of the Missouri Department of Energy. "Applicants realize significant energy savings that translate into extra capitol, which can be redirected to essential services. The awarded projects provide much needed improvements to facilities, encourage the use of green technology, reduce greenhouse gases, and help create jobs and stimulate local economies."

Loans are repaid from energy savings achieved. 

Loans to public schools and local governments do not count against debt limits or require a public vote or bond issuance.

For more information about the Energy Loan Program or to apply, visit energy loan.mo.gov or call toll-free 855-522-2796.

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