July 22, 2024
Loans

AREA SCHOOL DISTRICT RECEIVES LOAN FOR ENERGY EFFICIENCY PROJECTS | KMMO


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The Missouri Department of Natural Resources’ Energy Loan Program has awarded more than $377,000 in low-interest loans to assist the Glasgow School District and the City of Rich Hill with energy efficiency projects.

The projects, which are expected to benefit more than 1,700 Missourians, are anticipated to result in annual energy savings of approximately $43,000. The applicants will repay the loans with money saved on energy costs as a result of these energy efficiency projects. In addition, the projects will reduce electricity use by more than 380,000 kilowatt hours (kWh), avoiding nearly 270 metric tons of carbon dioxide pollution, which equates to removing 60 passenger cars from the road for a year.

Since the Energy Loan Program’s inception in 1989, the department’s Division of Energy has awarded more than 620 loans representing more than $118M in completed energy efficiency projects and more than $236M in estimated cumulative energy savings. Through the Division of Energy, low-interest loans are provided to public schools, public and private higher education institutions, public and private not-for-profit hospitals, and local governments to help reduce energy costs. Loan financing may be used for various energy-saving investments such as insulation, lighting systems, heating and cooling systems, combined heat and power, pumps, motors, aerators, renewable energy systems and other measures that reduce energy use and cost.

You can learn more about the the Energy Loan Program by visiting dnr.mo.gov/energy/grants-loans.





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