Energy Loan Program

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, local government/public owned airport facilities (municipal, county, regional, and international), public water and wastewater treatment facilities, and public/private not-for-profit hospitals. In total, the Department is making $5 million available for these entities to complete energy-efficiency and renewable energy projects throughout the State of Missouri.

The department’s Division of Energy is accepting loan applications from May 1, 2017 through July 31, 2017 for loans between $10,000 and $1 million. Loan applications will be evaluated on a competitive basis. If money remains after applications have been reviewed and prioritized, consideration will be given to loans in excess of $1 million.

Application



The loan award for FY2017 Supplemental Cycle has been announced. Please see below. For further assistance, please contact the Energy Loan Program at 855-522-2796.

FY2017 Supplemental Cycle Announcement




Low-interest Loans to Schools and Governments for Energy Efficiency Improvements

The Division of Energy provides loans to public schools (K-12), public/private colleges and universities, city/county governments, public owned airport facilities (municipal, county, regional, and international), public water and wastewater treatment facilities, and public/private not-for-profit hospitals to help reduce energy costs through the Energy Loan Program. This loan financing may be used for various energy-saving investments, including projects such as upgrading insulation, lighting systems, heating and cooling systems, windows and other items that affect your energy use.

Loan recipients benefit from increased occupant comfort in their buildings and reduced energy costs. The financing also frees up tax dollars that school districts, higher education facilities and local governments can use for essential services or other capital improvements. Loan recipients repay the loan with money saved on energy costs as a result of implementing the energy-efficiency projects. 

According to Attorney General of Missouri opinion letter No. 136-85, these loans borrowed by public schools do not require electorate assent and are not considered as “debt” created. Therefore, the loan financing does not count against debt limits or require a public vote or bond issuance.

Since the fund was initiated in 1989, the Division of Energy has awarded more than 571 loans, which has resulted in nearly $99 million in completed energy-efficiency projects and more than $181 million in estimated cumulative energy savings.

Projects with energy cost savings are eligible with this Energy Loan Program. Examples of eligible projects include:

  • High efficiency lighting fixtures and lamps
  • High efficiency heating, ventilation and air conditioning systems
  • Combined heat and power systems
  • Renewable energy sytems
  • Waste heat recovery
  • Energy efficient fine bubble diffusers and high efficiency pumps
  • Building shell improvements such as insulation and other infiltration measures
  • Other measures that reduce energy use and cost

Applications will be reviewed on a competitive basis until all available funds are awarded.


Video Testimonials

Ozark Medical Center

Laclede County

Orrick R-XI School District

City of Carl Junction

Lincoln University

Lee's Summit R-VII School District

Greenfield Energy

 

 



Below are the approved FY2017 Supplemental Loan Awards.
For more information, please contact the Energy Loan Manager at 855-522-2796.

APPLICANT

COUNTY

SCOPE OF WORK

AWARD AMOUNT

ESTIMATED SAVINGS

City of Adrian

Bates

Solar PV System

$138,098.00

$15,978.00

Butler County

Butler

Lighting upgrades

$157,264.00

$57,101.00

City of DeSoto

Jefferson

Lighting upgrades

$38,930.00

$5,304.00

Dixon R-I School District

Pulaski

AC, furnace, thermostat, and heat pump upgrades

$34,650.00

$4,009.00

Everton R-III School District

Dade

Solar PV System

$237,233.00

$27,448.00

Lee's Summit Municipal Airport

Jackson

Runway lighting upgrades

$30,890.00

$3,574.00

Meramec Valley R-III School District

Franklin

Lighting upgrades

$49,944.00

$15,597.00

North Pemiscot Co. R-I School District

Pemiscot

Lighting upgrades

$140,734.00

$16,283.00

North Platte County R-I School District

Platte

Lighting and HVAC upgrades, window replacement

$78,349.00

$9,065.00

Perry County School District No. 32

Perry

HVAC and building automation control upgrades

$411,338.00

$47,592.00

Salisbury R-IV School District

Chariton

Lighting upgrades

$235,720.00

$31,069.00

Southeast Missouri State University

Cape Girardeau

Lighting upgrades

$97,545.00

$11,286.00

Stephens College

Boone

Boiler replacement

$133,681.00

$15,467.00

University of Missouri - St. Louis

St. Louis

Boiler, variable frequency drive, and lighting upgrades

$451,917.00

$52,287.00

Vernon County Ambulance District

Vernon

Lighting and HVAC upgrades, Solar PV System

$58,479.00

$6,766.00

 

 

Division of Energy:  Energy Loan Program
Fiscal Years 201​5, 201​6, 201​7


Energy Loan Map
                        Download printable version of low-interest loan map with a list of recipients.


Resources

For more information regarding the Energy Loan Program contact the Division of Energy:

Telephone: Energy Loan Manager at 1-855-522-2796

E-mail: [email protected]

Standard mail: 

Missouri Department of Economic Development
Division of Energy
Attn:  Energy Loan Program Clerk
P.O. Box 1766
Jefferson City, MO 65102-1766