Loans, Grants & Tax Incentives

Energy Efficiency Revolving Loan

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The Energy Efficiency Revolving Loan (EERL) program was established through the US Department of Energy/ Energy Office using “stimulus” funding. It is administered by the Business Development Corporation (BDC) by contract with JEDA. The purpose of the loan fund is to enable business and industry to save money by saving energy. The fund is also open to other entities including utilities and government agencies. 
 
For additional information, visit www.businessdevelopment.org/eerl.
 

The Office of Regulatory Staff (ORS) is soliciting proposals for the development and administration of a low interest revolving loan program to support energy efficiency, renewable energy and alternative transportation projects in the commercial and industrial sectors of businesses operating and located in the State of South Carolina. For details see the documents below:

 
Answers to commonly asked questions are listed below.

How does it work?

Once the loan is approved, and the loan documents are signed by you (the borrower) and BDC (the lender) you may begin work. As work is completed and contractors submit invoices to you, you may request progress

payments based on work completed and invoices received.

Borrowers may have an interest only payment period while their energy project is completed. Once the project(s) is complete, payments of principal and interest will replace the interest only payments.