Energy Efficiency Revolving Loan Fund

Not applicable—this program serves businesses, industries, utilities, nonprofits, and government entities, not individual homeowners.

Not applicable as a primary audience—the program targets borrowing organizations (businesses, utilities, nonprofits, governments) rather than contracting firms. However, contractors will invoice borrowers for completed work on energy efficiency projects, and borrowers may request progress payments based on submitted invoices.

The Energy Efficiency Revolving Loan Fund is administered by the Business Development Corporation under contract with the South Carolina Jobs-Economic Development Authority. Loans range from $50,000 to $1,000,000 for up to 10 years, with repayment terms set at one and one-half times the project's projected payback period and interest rates varying by transaction (fixed or floating options available). Applicants must first commission a technical analysis from a Professional Engineer, Certified Energy Manager, or Accredited Commercial Energy Manager; BDC evaluates borrower financial stability while the Office of Regulatory Staff Energy Office confirms technical merit against DOE guidelines. The program targets businesses and industry as primary borrowers, with utilities, nonprofits, and government entities eligible under certain circumstances.