Low-interest Loan for Energy Efficiency Improvements

The Missouri Department of Economic Development is making $3.5 million in low-interest loans to public schools, public colleges and universities, local governments, public water and wastewater treatment facilities, and public hospitals for energy-efficiency and renewable energy projects in the State of Missouri.

Applications are being accepted from April 1 through June 30, for loan amounts between $10,000 and $750,000. The interest rate for this cycle will be 2.5 percent, with a maximum 10-year-repayment.

Previously, the cities of Clayton, Dellwood, Maplewood, St. Clair, and University City received a over $1.2 million dollars in loans. Bayless, De Soto, Parkway, St. Charles R-VI, and Wentzville R-IV school districts received over $2.4 million dollars in loans. Local project plans include lighting upgrades, heating and cooling system replacements, pump
replacements, window replacements and solar energy installations. Project will result in an estimated savings of nearly $1 million and are expected to create 205 energy-related jobs.

To learn more and apply for a low-interest loan, visit the Division of Energy’s Energy Loan Program website.

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