Renewable Energy Revolving Loan Program (South Carolina)

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Last modified on February 12, 2015.

Financial Incentive Program

Place South Carolina

Name Renewable Energy Revolving Loan Program
Incentive Type State Loan Program
Applicable Sector Commercial, Industrial, Residential, Nonprofit, Schools, Local Government, State Government, Agricultural
Eligible Technologies Solar Water Heat, Photovoltaics, Wind, Biomass, Renewable Transportation Fuels
Active Incentive No
Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs

Start Date 2007-08-01

Maximum Incentive 250,000 (The loan may not provide more than 50% of the project cost)

Terms Loans must be approved by the South Carolina Renewable Energy Oversight Committee
Program Administrator South Carolina Energy Office

References DSIRE[1]


Note: The Renewable Energy Revolving Loan Program is currently suspended until spring 2009, when the program will be updated.

The Renewable Energy Revolving Loan Program provides low-interest loans to an individual or organization that plans to build a qualified renewable energy production facility. For the purposes of this loan, a renewable energy production facility is a facility that produces energy or transportation fuels from biomass, solar or wind resources. This loan may provide up to 50% of the total cost of a project, but may not exceed $250,000 for each project. The South Carolina Department of Agriculture administers the loan program, in cooperation with the South Carolina Institute of Energy Studies.

Disbursement of funds must be approved by the South Carolina Renewable Energy Oversight Committee. The interest rate for qualifying loans will not exceed the Wall Street Journal prime interest rate.

Authorities (Please contact the if there are any file problems.)

Authority 1: HB 3749 (sec. 68)
Date Effective 2007-08-01
Date Enacted 2007-07-13

Incentive Contact

Contact Name Erika Myers
Department South Carolina Energy Office
Address 1200 Senate Street
Address 2 408 Wade Hampton Building
Place Columbia, South Carolina
Zip/Postal Code 29201
Phone (803) 737-8030
Phone 2 (800) 851-8899

  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]


  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"