MDA - Energy Efficiency Revolving Loan Program

Mississippi offers low-interest loans for energy efficiency projects. Eligible projects include lighting retrofits and heating and cooling system upgrades. Eligible applicants include:CorporationsPublic school districtsHospitals (public, private, and non-profit)Institutions of higher learningSole proprietors and partnershipsNational or regional headquarters operationsAll projects must demonstrate that they will reduce a facility's energy costs. 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. This program is supported by a revolving loan fund of $7 million, established through federal oil overcharge funds. Applications are provided to interested parties by request. Contact the Mississippi Development Authority for more information.