Energy Update: Emergency Energy Loans
In response to recent severe weather events, public schools (K-12) and city and county governments (including water and wastewater plants) impacted by these severe weather events are eligible to apply for low-interest emergency loans.
The department’s Division of Energy will accept applications submitted within two months of the weather event for loans between $10,000 and $500,000. The loan shall be repaid by energy cost savings and shall not exceed a ten-year repayment. The loans, administered as part of the Energy Loan Program, can provide financing for replacing or upgrading damaged equipment including: high efficiency lighting fixtures and lamps; high efficiency heating, ventilation, and air conditioning systems; combined heat and power systems; renewable energy systems; waste heat recovery; energy efficient fine bubble diffusers and high efficiency pumps; building shell improvements, such as insulation and other infiltration measures; and other measures that reduce energy use and cost.
The Division of Energy has awarded emergency loans in the past. Most recently, the Energy Loan Program was able to assist Orrick R-XI School District after a tornado destroyed its rooftop HVAC equipment. Orrick was able to replace the damaged equipment with a more efficient system.
For a list of recipients, to learn more about the Energy Loan Program, or to apply, please visit http://energyloan.mo.gov or contact the Missouri Department of Economic Development’s Division of Energy at 573-751-2254 or toll-free at 855-522-2796.