ConserFund Loan Program

March 30, 2022

Summary

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.

Program Overview

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
Start Date:
Eligible Renewable/Other Technologies:	Solar Photovoltaics Biomass Geothermal Heat Pumps Combined Heat & Power 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 Passenger Electric Vehicles
Maximum Loan:	$500,000 per fiscal year
Loan Term:	Ten year term
Interest Rate:	Fixed annual rate set below prime rate;

Contact

Name:	Rick Campana
Organization:	SC Energy Office
Address:	1401 Main St, Suite 900 Columbia SC 29201
Phone:	(803) 737-0800
Email:	rcampana@ors.sc.gov

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.