Funds available for the Energy Efficiency Revolving Loan
Amount awarded to one of five projects to date (focusing on LED conversion at a car dealership)
Monthly electricity savings from car dealership
In South Carolina, the State Energy Office used SEP funding to expand the Energy Efficiency Revolving Loan fund, which was started with an infusion of approximately $1.5 million. Loans are for commercial and industrial borrowers. Nearly all available funding has been committed for five projects. One example of a borrower is Love Chevrolet, a large family-owned car dealership that was provided a loan of $230,000 to convert both parking lot and interior lighting to high efficiency LEDs. The company is saving $8,000 on monthly electricity bills and has also reaped unanticipated benefits including: better color rendering, improved shopping experience for clients, and significantly better lighting and higher morale for mechanics.
Contact Information for the South Carolina Energy Office