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Combined Heat and Power Partnership

Energy Investment Loan Program

dCHPP Glossary (PDF) (2 pp, 53K)

Date Last Updated3/1/2013
Incentive TypeLoan
State/FederalMS
Incentive Administrator/Contact OfficeMississippi Development Authority
Incentive Initiation Date1/1/1989
Incentive Size and Funding SourceMississippi offers low-interest loans for renewable energy and energy efficiency projects. The interest rate is 2% below the prime rate, with a maximum loan term of 10 years. Loans range from $15,000 to $500,000. per business. This program is supported by a revolving loan fund of $7 million that was established through federal oil overcharge funds from the US Department of Energy.
Eligible RecipientEligible institution include corporations, public school districts, hospitals (public and private "non-profit"), institutions of higher learning, sole proprietors and partnerships, and national or regional headquarters. Entities must promote the development and demonstration of efficient, environmentally acceptable and commercially feasible technology and processes, and use Mississippi's existing energy resources, public utilities and/or developing resources to foster economic growth.
Eligible FuelDoes Not Specify
Eligible Project Size (MW)Does Not Specify
Minimum Efficiency Required (%)Does Not Specify
Other Selected Eligibility CriteriaJob creation and the use of energy efficient practices are the goal of this program, and all projects must demonstrate that they will reduce a facility's energy costs.
Other Incentive DetailsApplications are provided to interested parties by request. Contact the Mississippi Development Authority for more information.
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