Last DSIRE Review: 06/02/2009
Program Overview:
| State: |
South Carolina |
| Incentive Type: |
State Loan Program |
| Eligible Efficiency Technologies: |
Lighting, Lighting Controls/Sensors, Chillers , Furnaces , Boilers, Heat pumps, Air conditioners, CHP/Cogeneration, Heat recovery, Programmable Thermostats, Energy Mgmt. Systems/Building Controls, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors, Roofs, Custom/Others pending approval |
| Eligible Renewable/Other Technologies: |
Photovoltaics, Biomass, Geothermal Heat Pumps, Other Renewables |
| Applicable Sectors: |
Nonprofit, Schools, Local Government, State Government, Institutional |
| Amount: | 100% of eligible project costs, from $25,000 to $500,000 | | Maximum Incentive: | $500,000 per fiscal year | | Terms: | Fixed annual rate set below Wall Street Journal prime rate; Ten year term |
| Web Site: |
http://www.energy.sc.gov/index.aspx?m=7&t=48&h=180
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Summary:
The South Carolina Energy Office offers the ConserFund Loan Program to fund energy efficiency improvements in state agencies, local governments, public colleges and universities, school districts and non-profit organizations. The ConserFund Loan Program will fund a variety of efficiency improvements, but priority is given to projects that have a fast energy savings payback. Generally, ConserFund loans are to be used on retrofits of existing buildings. However, ConserFund may be used to finance energy recovery systems, ground source heat pumps, biomass, solar, and other renewable energy systems in new construction facilities.
Organizations may finance one or multiple projects, covering up to 100% of eligible project costs, from $25,000 to $500,000. Implementation of the energy efficiency improvement must begin within six months of the loan closing and the proposed energy improvement must have long-term cost reductions to qualify.
To start the financing process, download a form from the program website or contact the South Carolina Energy Office.
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