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Mississippi

Mississippi

Incentives/Policies for Renewables & Efficiency

Printable Version
Energy Investment Loan Program   

Last DSIRE Review: 02/13/2013
Program Overview:
State: Mississippi
Incentive Type: State Loan Program
Eligible Efficiency Technologies: Custom/Others pending approval
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Landfill Gas, Biomass, Hydroelectric, Geothermal Electric, Municipal Solid Waste, CHP/Cogeneration
Applicable Sectors: Commercial, Industrial
Amount:$15,000 - $500,000
Maximum Incentive:$500,000
Terms:2% below prime rate; 10-year repayment term
Funding Source:Oil overcharge restitution funds from the U.S. Department of Energy
Web Site: http://www.mississippi.org/index.php?id=340
Authority 1:
Date Enacted:
Miss. Code ยง 57-39-39
1/1/1989
Summary:
Mississippi offers low-interest loans for renewable energy and energy efficiency projects. Eligible renewable energy technologies include solar thermal, solar space heat, solar process heat, photovoltaics (PV), alternative fuels, geothermal, biomass, landfill gas and hydropower. 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.

 
Contact:
  Terrance Spears
Mississippi Development Authority
Energy Division
P.O. Box 849
501 North West Street
Jackson, MS 39201
Phone: (601) 359-3552
Fax: (601) 359-6642
E-Mail: tspears@mississippi.org
Web Site: http://www.mississippi.org
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.