Eligible projects include retrofits and energy design
process developments. The improvement must promote the development and
demonstration of efficient, environmentally acceptable and commercially
feasible technology and processes, and must also utilize Mississippi's existing
energy resources, public utilities and/or developing resources to foster
economic growth. In order for a project to be eligible to receive such
assistance, the project must qualify pursuant to the two (2) phase eligibility
requirements provided below:
A. Phase
1 Structural Eligibility: The structure, which is to be the target for the
installation of energy efficiency measures will be financed with the proceeds
of a loan, shall be considered eligible only if it is an existing structure
that is at least one (1) year old, owned, occupied and used by the Borrower
and,
is not:
(i). Classified as
condemned or scheduled for demolition; or,
(ii). Leased or rented by the applicant from
another party unless the landlord has given the tenant written permission to
proceed with the installation; or,
(iii). Encumbered by a real estate
transaction or purchase option; or,
(iv). Included on the National Register of
Historic Landmarks and Sites maintained by the U.S. Secretary of the interior
or, if included, has received approval of the Mississippi Department of History
and Archives to perform the work; or,
(v). Encumbered by subordinated mortgages,
mechanics, or materialmen's, and/or any other types of liens that would prevent
MDA from obtaining a security interest.
B. Phase 2 Eligible Retrofit Measures: Loans
will be made available only for the purchase and installation of energy
conservation measures that have been identified and recommended by an energy
technical analysis. The combined simple payback of all the energy conservation
measures being installed cannot exceed ten (10) years. The Energy Analysis can
be performed by MDA, utility companies or a qualified engineer. Only projects
recommended by the Energy Analysis will be considered for funding. An energy
conservation measure is one that is primarily intended to reduce energy
consumption or allow the use of an alternative energy source. Loans cannot be
used to finance projects that were completed prior to, or in the process of
being installed, at the time of an application. Neither may a loan be used to
finance "cosmetic" or rehabilitative improvements unless energy savings are
justifiable.
C. Categories Eligible
for Funding. Two categories of energy efficiency projects are eligible for
funding. The categories are defined as Retrofit Projects and Energy Efficient
Processes.
D. Retrofit Projects.
Eligible energy conservation measures include, but are not limited to, the
following:
(i). insulation;
(ii). storm windows and doors, multi-glazed
and other specially treated windows and door systems;
(iii). automatic energy control
systems/energy management systems;
(iv). equipment to operate variable steam,
hydraulic, and ventilating systems;
(v). solar heating and cooling systems, and
electric generating systems;
(vi).
furnace or utility plant and distribution system modifications to include
burners, furnaces, boilers, and ignition systems;
(vii). caulking and
weather-stripping;
(viii) lighting
fixtures and lamps;
(ix). energy
recovering systems;
(x).
cogeneration systems;
(xi).
Renewable energy systems;
(xii)
Heating and cooling systems; and/or
(xiii). other measures that can be shown to
save energy or reduce energy demand.
E. Energy Efficient Process. This category
includes the implementation of equipment that enhances the efficiency of any
industrial process by reducing energy consumption or allowing for the use of
alternative energy sources. Examples of such projects include:
(i). kilns;
(ii). boilers - natural gas or
wood;
(iii). billet
ovens;
(iv). optimizing
saws;
(v). refrigeration
systems;
(vi). Variable steam and
hydraulic equipment
