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Energy Efficiency Revolving Loans is sponsored by South Carolina State Energy Office (administered by Business Development Center of SC). This South Carolina program provides loans to businesses, nonprofits, and government entities to implement energy-saving measures, which can include the installation of efficient appliances. The loans are designed to produce energy savings.
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Energy Efficiency Revolving Loan | Energy. SC. Gov Energy Efficiency Revolving Loan The Energy Efficiency Revolving Loan (EERL) program was established through the US Department of Energy and Energy Office using “stimulus” funding.
It is administered by the Business Development Corporation (BDC). The loan fund is designed to enable business and industry to save money by saving energy. Although it is geared towards private businesses, EERL is also open to other entities including utilities and government agencies.
Who is eligible to receive an EERL Loan? The primary target of this program is business and industry, although utilities, non-profits and government entities could be eligible under certain circumstances. What is the interest rate?
The interest rate is determined on a transaction-by-transaction basis. Does the interest rate change over the life of the loan? Rates may be fixed or floating.
The fixed rate transitions will be fixed for the life of the loan and the floating rate loans are tied to prime and will adjust monthly as prime changes. The preferred minimum loan amount is $50,000 and the maximum is generally $1 million, however exceptions may be made. How long is the term of the loan?
Loans should not extend beyond one and one-half times the expected payback of the loan. In other words, if your planned activity is expected to pay for itself in 4 years, your loan would be for no more than 6 years. Loan periods can be shorter.
The maximum term is 10 years. Is there a penalty for paying off the loan more quickly than planned? How are loan applications evaluated?
Loans are evaluated in two ways: financial stability of the borrower and technical merit of the proposed energy measure(s). BDC and our banking partners when applicable will evaluate finances and the Energy Office will confirm that the proposed project meets DOE guidelines. Once the loan is approved, and the loan documents are signed by you (the borrower) and BDC (the lender) you may begin work.
As work is completed and contractors submit invoices to you, you may request progress payments based on work completed and invoices received. Borrowers may have an interest only payment period while their energy project is completed. Once the project(s) is complete, payments of principal and interest will replace the interest only payments.
What do I need to do to apply? Have a technical analysis completed by an engineer or other professional who is a Professional Engineer (PE), a Certified Energy Manager (CEM) or an Accredited Commercial Energy Manager (ACEM) so that you know which energy measures will yield the greatest savings, have a plan in place, and know how much you need to borrow.
In some cases, vendors may prepare the technical analysis if you are only contemplating one type of energy measure. Based on the information provided in the technical analysis, complete the application provided by BDC and return it along with the technical analysis and requested financial records. Collateral will generally be required in some form.
Based on current listing details, eligibility includes: South Carolina businesses, nonprofits, and government entities; requires a technical analysis by a PE, CEM, or ACEM. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Minimum $50,000; maximum generally $1,000,000 Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
Yes — AI tools like Granted can help research funders, draft proposal sections, and check compliance. However, always review and customize AI-generated content to reflect your organization's unique strengths and the specific requirements of the solicitation.
Review timelines vary by funder. Federal agencies typically take 3-6 months from submission to award notification. Foundation grants may be faster, often 1-3 months. Check the program's timeline in the official solicitation for specific dates.
Many federal programs offer multi-year funding or allow competitive renewals. Check the official solicitation for continuation and renewal policies. Non-competing continuation applications are common for multi-year awards.
The Fund for Women & Girls Grant Program is sponsored by The Foundation for Enhancing Communities (TFEC). The Fund for Women & Girls, an initiative of TFEC, makes grants to local nonprofit organizations in specific South Central PA counties. The grants support projects that advance the lives of women and girls by providing opportunities to address basic needs, develop economic self-sufficiency, and strengthen health and safety needs.
VGF grants will be used to develop and/or support community-based entities to recruit, manage, and support volunteers. CNCS seeks to fund effective approaches that expand volunteering, strengthen the capacity of volunteer connector organizations to recruit and retain skill-based volunteers, and develop strategies to use volunteers effectively to solve problems. Specifically, the VGF grants will support efforts that expand the capacity of volunteer connector organizations to recruit, manage, support and retain individuals to serve in high quality volunteer assignments.Applicants that receive funding under this Notice may directly carry out the activities supported under the award, or may carry out the activities by making sub-grants to community-based entities, supporting volunteer generation at these entities.). Funding Opportunity Number: AC-05-25-21. Assistance Listing: 94.021. Funding Instrument: G. Category: O. Award Amount: $6.1M total program funding.