Home > News > South Carolina Conserfund Loan Program
South Carolina Conserfund Loan Program
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Name |
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South Carolina Conserfund Loan Program |
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Active |
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Funding Mechanism |
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Loan Fund |
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Duration |
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Indefinite; authorized under State Energy Program |
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Objectives |
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To provide funding for energy efficiency improvements |
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Sponsors |
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South Carolina Energy Office (SCEO) |
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Eligible Sectors |
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State and local governments, school and colleges, hospitals and other not-for-profit organizations |
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Eligible Projects/Technologies |
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Lighting systems, heating, ventilation, and air conditioning systems, Energy management systems, building envelope modifications such as doors, windows, insulation, and roofs, fuel conservation projects, and water conservation |
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Fund Endowment |
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Stripper Well Settlement funds authorized under State Energy Program |
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Terms |
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-Funding Instruments |
Lender may offer loan or lease purchase agreement |
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-Interest Rates |
1% to Lender; maximum of 5% to Borrower |
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-Payback |
Maximum of ten years; but may not exceed life of equipment |
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-Size |
US$ 25,000 minimum; US$ 500,000 maximum |
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-Collateral |
Determined by Lender |
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-Share of loan in project cost |
No limit |
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-Loan criteria |
Project site must be in South Carolina; loans to be used for installation of energy efficient equipment or technology designed to reduce energy consumption, peak demand, and/or utility costs or to use renewable energy sources in place of nonrenewable resources |
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Comments |
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Sources |
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SCEO |
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| Contact Information |
Dr Janet Lockhart JLockhart@ogs.state.sc.us |
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