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Funding Resources

Funding Resources
MS Energy Investment Program
Type of IncentiveLoan
Eligible StatesMS
Eligible TechnologyBackpressure Turbine, Boiler, Combustion Turbine, Condensing Turbine, Extracting Turbine, Fuel Cell, Microturbine, Other, Reciprocating Engine, Heat Recovery Generator, Stirling Engine
Eligible Fuel# 2 Fuel Oil, # 6 Fuel Oil, Biogas, Biomass, Coal, Hydrogen, LFG, Municipal Solid Waste, Natural Gas, Other, Tire-Derived Fuel, Waste Heat Recovery
Eligible Project SizeAll (MW)
Number of Awards

 

Size of AwardThe Mississippi Energy Investment Program, administered by the Mississippi Development Authority, is designed for making low-interest loans to sole proprietors, partnerships, or corporations for capital improvements or the development of renewable energy and energy conservation projects. Facilities utilizing the loan proceeds must be located in Mississippi and all projects must demonstrate a reduction in facility energy costs.

Loan recipients will secure an interest rate 3 percent below the prime rate, with a maximum loan term of 7 years. Loans range from $15,000 to $300,000. This program is supported by a revolving loan fund of $7 million, established through federal oil overcharge funds.
Start Date1/1/1989
End Date

 

Minimum Efficiency(%)

 

Additional InformationThe availability of funds wavers from month-to-month based upon received payments from prior borrowers. Please check with the contact for the most up-to date availability of funds.

* This program has no set expiration date.
Web Sitehttp://www.mississippi.org/content.aspx?url=/page/2744&#loanprgm Exit EPA
Additional Web Sitehttp://www.dsireusa.org/library/includes/
GenericIncentive.cfm?Incentive_Code=MS01F¤tpageid=3&EE=1&RE=1 Exit EPA
Primary ContactFloyd Daniels
501 North West Street
PO Box 849
Jackson, MS 39205
U.S.A.
Floyd Daniels (fdaniels@mississippi.org)
(601) 359-6600
(601) 359-6642

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