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Last Updated March 13, 2023

Program Overview

Category:

Financial Incentive

State:

Mississippi

Incentive Type:

Loan Program

Administrator:

Mississippi Development Authority

Start Date:

N/A

Expiration Date:

N/A

Web Site:

https://www.mississippi.org/advantages/incentives/

Applicable Sectors:

N/A

Eligible Renewable/Other Technologies:

N/A

Summary

Mississippi offers low-interest loans for  energy efficiency projects. Eligible projects include lighting retrofits and heating and cooling system upgrades. Eligible applicants include:
  • Corporations
  • Public school districts
  • Hospitals (public, private, and non-profit)
  • Institutions of higher learning
  • Sole proprietors and partnerships
  • National or regional headquarters operations

All 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.