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MORE Loan (Municipal Opportunities for Retrofits & Energy Efficiency Loan)
Pennsylvania — state programat least $5,000; below-market interest rates (as low as 0% with MORE Grant interest rate buydown); repayment terms of up to 7 years or the end of a project's useful lifeDeadline: rolling
The MORE Loan is a revolving loan fund administered by the National Energy Improvement Fund (NEIF) to help local governments achieve energy efficiency projects of any size. Loans offer below-market interest rates and can be used for energy efficiency upgrades, building retrofits, and on-site renewable energy generation projects (when paired with energy efficiency measures). MORE Grant recipients can buy down their interest rate to as low as 0%.
Program details
- Type
- loan
- Amount
- at least $5,000; below-market interest rates (as low as 0% with MORE Grant interest rate buydown); repayment terms of up to 7 years or the end of a project's useful life
- Deadline
- rolling
- Eligibility
- Pennsylvania local governments that were not eligible for an Energy Efficiency & Conservation Block Grant (EECBG) from the U.S. Department of Energy (DOE), including Counties, Cities, Boroughs, Towns, Townships, and Municipal Authorities. Borrowers must have a level 2 commercial energy audit and energy conservation measure project design/scope to apply. Each borrower must also obtain LGUDA approval from the Pennsylvania Department of Community and Economic Development (DCED).
- Status
- open
- Administrator
- National Energy Improvement Fund (NEIF)
- More Info
- https://www.neifund.org/moreloan/
Source: Pennsylvania — state program. Confirm current terms with the administering agency before applying.