Missouri Energy Efficiency Leveraged Loan Program
Implementing energy conservation projects can reduce energy costs, save energy supply, prevent environmental pollution, create or retain jobs and improve the comfort and safety of building occupants or energy system users.
The Energy Efficiency Leveraged Loan Program provides a long-term solution to rising energy costs for schools and local governments, providing financial assistance in the form of low interest loans to implement cost-effective energy-efficiency upgrades. Loan repayments are made from the energy savings generated and thus are not considered debt to the loan recipient. Funding is provided by bonds issued by the EIERA.
Any public school, university, college, city or county government, public hospital or water treatment plant is eligible to apply for loan funds to finance implementations of energy conservation projects. The applicant must own and operate the building, facility or system associated with the proposed project. Further, the building, facility or system must have an expected operational life greater than the project's loan repayment period. An energy project may include costs for design, acquisition, installation, commissioning and other associated project costs determined by the department as eligible.
Applications and detailed information about the Energy Efficiency Leveraged Loan Program are provided by the Energy Center (800) 361-4827
