MDA - Energy Efficiency Revolving Loan Program

March 13, 2023

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.

Program Overview

Implementing Sector:	State
Category:	Financial Incentive
State:	Mississippi
Incentive Type:	Loan Program
Web Site:	https://www.mississippi.org/advantages/incentives/
Administrator:	Mississippi Development Authority
Start Date:
Eligible Renewable/Other Technologies:	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
Maximum Loan:	$500,000
Loan Term:	2% below prime rate; 10-year repayment term

Authorities

Name:	Miss. Code § 57-39-39
Date Enacted:	01/01/1989

Contact

Name:	Michael Cooley
Organization:	Mississippi Development Authority
Address:	P.O. Box 849 Jackson MS 39201
Phone:	(601) 359-9402
Email:	mcooley@mississippi.org

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.

MDA - Energy Efficiency Revolving Loan Program

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