Zero interest loans for energy projects available to South Dakota schools and nonprofits

PIERRE, S.D. – A new $2.8 million revolving loan fund for energy efficiency and renewable energy projects is now available to South Dakota schools and non-profit organizations.

The zero-interest loans can be used to install efficient lighting, heating, air conditioning, windows and insulation, or using renewable energy from wind turbines, solar panels and heat-pump sources.

The special loan fund for K-12 school districts, state technical schools and non-profit organizations was established with federal stimulus money under the Energy Efficiency and Conservation Block Grant (EECBG) program.

Loan terms will be up to10 years and are based on a simple energy savings payback calculation. Priority for loan funding will be based on the amount of capital investment per energy amount saved.

Complete eligibility details and application forms are available from the state Energy Management Office by calling 605-773-3899 or online at http://www.state.sd.us/boa/ose/OSE_Statewide_Energy.htm

Completed applications must be received by April 12, 2010.

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