Energy Loan Program
| Program Type | State Loan Program |
|---|---|
| Technologies | Many, including Photovoltaics and Passive Solar Heating |
| Amount | Up to $1 million |
| Required Documentation | Loan application available through the Missouri Department of Revenue |
| Official Web Site | http://www.dnr.mo.gov/energy/financial/loan.htm |
While homeowners cannot enjoy the loans available through this program, you can encourage your child’s school or your local government to apply for a loan through the Missouri Energy Loan Program. The Missouri Department of Natural Resources offers loans of up to $1 million to public institutions to install energy efficient and renewable energy equipment. These loans have 0 percent interest, and only a 1 percent loan origination fee, so they could be a great way to make your community greener. The repayment schedule varies for each project, but must be within 10 years of the loan origination.
Generally, $10 million in loans are available each year, and the application period runs between July 1 and October 15. If the loans are not exhausted by the end of the review period, loans larger than $1 million will be considered. Contact your city government and express your interest in this program, along with the state legislature to make these helpful programs available to individual residents.
