American Recovery and Reinvestment Act
Missouri Schools and Local Governments
2% APR Loans for Energy Efficiency Retrofits
The Missouri Department of Natural Resources provided over $14.5 million in low interest loans of 2 percent for energy efficiency projects through the Energize Missouri Schools and Local Governments program. Eligible loans were $30,000 to $2.5 million per project. Recipients received 100 percent of the funds upfront and zero interest during construction.
The department made the loan program available through funding received from the American Recovery and Reinvestment Act of 2009.
Loan recipients benefited from increased occupant comfort in their buildings and reduced energy costs. The financing also freed up tax dollars that school districts, higher education facilities and local governments could use for essential services or other capital improvements. Loan recipients will repay the loan with money saved on energy costs as a result of implementing the energy-efficiency projects. These loans were not defined as debt, so the loan financing did not count against debt limits or require a public vote or bond issuance.
Examples of eligible projects included:
- Heating and air conditioning upgrades.
- Lighting improvements.
- Chillers insulation.
- Window replacements.
Applications were reviewed on a competitive basis until all available funds were awarded .
Webinar: ARRA Requirements and Guidelines for Energy Efficiency Loan Recipients
The Department of Natural Resources' Division of Energy hosted a webinar on Wednesday, August 22, 2012, detailing the requirement and guidelines for ARRA-funded Energy Efficiency projects. To view the webinar, click this link.
For more information about the Energize Missouri Schools and Local Government Loan Program, please submit an email inquiry to email@example.com or call 573-751-3443.
Missouri Department of Natural Resources
Division of Energy
1101 Riverside Drive, P.O. Box 176
Jefferson City, MO 65102-0176
800-361-4827 or 573-751-3443