Madison County Community Development has recently been designated by Madison County to administer the Energy Efficiency Loan Program sponsored by the U.S. Department of Energy. Loan funds for energy efficiency improvement projects are available on an application basis for local governments in Madison County.
Madison County Community Development Administrator Frank Miles said the funds are available for local governments wishing to retrofit their facilities for heightened energy efficiency.
“These funds offer up to $100,000 with zero percent interest for projects that qualify as energy efficiency projects. The amount loaned can depend on the cost of the project, the public benefits provided by the project, and the local government’s financial needs,” Miles said. “The Energy Efficiency Loan Program provides an opportunity to improve buildings and reduce future utility bills. Ultimately, the projects funded by these loans will save money for Madison County municipalities.”
Since funds are limited, each application will be evaluated and scored by Madison County Community Development. Depending on project costs and availability, the two or three highest scorers will receive loan funds.
Projects eligible for identification as Energy Efficiency Projects fall into one of five categories: energy efficiency retrofits, energy efficiency and conservation programs for buildings and facilities, energy distribution, reduction and capture of methane and greenhouse gases, and other appropriate activities. Other qualifications are as follows: the local government must use a qualified firm to conduct an energy audit and must prioritize energy efficiency as the cheapest, cleanest, and fastest way to meet energy demand. The project must increase energy efficiency, reduce energy consumption, and reduce energy costs through efficiency improvements in buildings and other appropriate sectors. Interested parties must submit an application no later than Aug. 1.
For more information, contact Peggy Dugger at email@example.com or (618) 296-4383.