ConserFund Loan Program (South Carolina)

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Summary

Last modified on February 11, 2013.

Financial Incentive Program

Place South Carolina

Name ConserFund Loan Program
Incentive Type State Loan Program
Applicable Sector Institutional, Local Government, Nonprofit, Schools, State Government
Eligible Technologies Boilers, Building Insulation, Caulking/Weather-stripping, Central Air conditioners, Chillers, Custom/Others pending approval, Doors, Duct/Air sealing, Energy Mgmt. Systems/Building Controls, Furnaces, Heat pumps, Heat recovery, Lighting, Lighting Controls/Sensors, Programmable Thermostats, Roofs, Windows, Biomass, CHP/Cogeneration, Geothermal Heat Pumps, Photovoltaics, Other Renewables
Active Incentive Yes

Implementing Sector State/Territory
Energy Category Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs
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
Program Administrator South Carolina Energy Office
Website http://www.energy.sc.gov/index.aspx?m=7&t=48&h=180
Date added to DSIRE 2006-03-27
Last DSIRE Review 01/18/2013



References DSIRE[1]


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 private 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.


Incentive Contact

Contact Name Ashlie Lancaster
Department South Carolina Energy Office

Address 1200 Senate Street
Address 2 408 Wade Hampton Building
Place Columbia, South Carolina
Zip/Postal Code 29201
Phone (803) 737-9822

Fax (803) 737-9846
Email ALancaster@energy.sc.gov
Website http://www.energy.sc.gov/
     
     


















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"