Department announces Emergency Energy Loans

May 1, 2017
New Release-- In Response to Recent Severe Weather Events

 

Emergency Energy Loan Announcement

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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.

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Benefits:
  • Low-interest
  • Free up tax dollars
  • Create jobs in your area
  • Reduce greenhouse gases
  • Does not require a public vote or bond issuance
  • K-12 Public Schools- will not count against debt limits
 
Eligible Entities:
  • Public Schools (K-12)
  • City/County Governments
  • City/County Government Water and Wastewater Plants
 
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Eligible Projects:
  • 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
  • Other measures that reduce energy use and cost
Missouri Department of Economic Development
Division of Energy
Call us at 855-522-2796

 


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