It’s time, once more! Low-cost funding from the State of Missouri is available again. The Missouri Department of Natural Resources – Division of Energy opened applications for their Energy Loan Program. These are very-low-interest loans (2%-4%) that are available on a limited basis a couple of times per year for Missouri institutions of higher education, public schools (K-12), hospitals, and local govt. (including districts and facilities). Using this money is one of the best ways Missouri institutions can kick of a virtuous cycle of continuous improvement in energy efficiency.

This is off-balance-sheet funding that does not require a vote or effect debt limits. It also works very well with utility incentives. This is just the capital these institutions need to fund building upgrades they’ve been putting off.

Improved lighting!
Better HVAC!
Solar panels!
Building comfort!

With loan payments lower than the energy savings, this is positive cash-flow from the beginning. The extra money not spent on utilities every month can go toward other operational improvements. This low-interest loan opportunity is the perfect way to kick off a revolving investment fund in energy efficiency.

Over the years, Energy Resources Group (ERG) has helped public organizations secure over $10,000,000 through this loan program. For a few clients per cycle, we can front the costs of building evaluation and application. Applications are due on the 30th of October and can take a few weeks to put together if your building does not have a current audit. If your institution qualifies, contact us ASAP!