| Implementing Sector: | State |
|---|---|
| Category: | Financial Incentive |
| State: | South Carolina |
| Incentive Type: | Loan Program |
| Web Site: | http://www.energy.sc.gov/incentives/conserfund |
| Administrator: | South Carolina Energy Office |
| Eligible Renewable/Other Technologies: | Solar Photovoltaics, Biomass, Geothermal Heat Pumps, Combined Heat & Power |
| Eligible Efficiency Technologies: | Lighting, Lighting Controls/Sensors, Chillers, Furnaces, Boilers, Heat pumps, Air conditioners, Heat recovery, Programmable Thermostats, Energy Mgmt. Systems/Building Controls, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors, Roofs, Custom/Others pending approval |
| Eligible Electric Vehicle Technologies: | Passenger Electric Vehicles |
| Applicable Sectors: | Local Government, Nonprofit, Schools, State Government, Institutional |
| Maximum Loan: | $500,000 per fiscal year |
| Loan Term: | Ten year term |
| Interest Rate: | Fixed annual rate set below prime rate |
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.
