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Energy Efficiency Revolving Loan (EERL)
South Carolina — state programpreferred minimum $50,000; maximum generally $1 million
The EERL program provides loans to businesses, industry, utilities, non-profits, and government entities to fund energy efficiency improvements. Loans are evaluated based on the financial stability of the borrower and the technical merit of the proposed energy measure(s). The program is administered by the Business Development Corporation (BDC) and was established through the US Department of Energy and the SC Energy Office using stimulus funding.
Program details
- Type
- loan
- Amount
- preferred minimum $50,000; maximum generally $1 million
- Eligibility
- Primary target is business and industry; utilities, non-profits, and government entities could be eligible under certain circumstances.
- Administrator
- Business Development Corporation (BDC)
Source: South Carolina — state program. Confirm current terms with the administering agency before applying.