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ConserFund Loan Program is a grant from the South Carolina Energy Office that funds energy-efficiency improvements through a revolving loan program for public-sector and nonprofit entities. The program supports the implementation of energy-efficient improvements that provide long-term cost reductions and energy savings, with projected energy savings required to be documented before work begins.
Loans range from $25,000 to $500,000 per fiscal year per applicant. Eligible applicants include South Carolina state agencies, public colleges or universities, school districts, local governments, and 501(c)(3) organizations. Applications must be approved before any work begins, as work started prior to a signed loan agreement is ineligible for funding.
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ConserFund | Energy. SC. Gov ConserFund is a revolving loan program administered by the Energy Office for energy-efficiency improvements in state agencies, public colleges or universities, school districts, local governments, and 501 (c)(3) organizations.
The loan program is focused on supporting the implementation of energy-efficient improvements that provide long-term cost reductions and energy savings. Because these loans are made possible with public funds designed to reduce energy, projected energy savings must be documented. Therefore, any work begun before the application has a signed loan document will not be covered by the loan.
Annual interest rate is a fixed rate set below the Wall Street Journal prime rate (currently 1. 5%; rate is evaluated June 30 of each year). Loans may cover up to 100% of eligible project costs.
Borrowers may finance projects from $25,000 up to $500,000 per state fiscal year. For government borrowers, the first payment is not due for one year after construction is completed and payments will be made annually thereafter. For 501(c)(3) borrowers, the first payment is not due until the first quarter after construction is complete, and loan payments will be made quarterly thereafter.
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According to the current listing, eligibility includes: State agencies, public colleges or universities, school districts, local governments, and 501(c)(3) organizations in South Carolina. Confirm the full requirements in the official notice before applying.
The current listing shows $25,000 to $500,000 per fiscal year. Verify award ceilings, matching requirements, and allowable costs in the official notice.
ConserFund Loan Program is funded by South Carolina Energy Office. Verify program details on the funder's official page before applying.
This opportunity targets applicants in South Carolina. If your organization operates elsewhere, check the official notice for location requirements.
Applications go through the funder's official portal — the Apply Now link on this page goes there directly.
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