Missouri First

Alternative Energy

The Missouri Linked Deposit Program partners with lenders to provide low-interest loans to create and retain Missouri jobs, encourage new economic development projects, and strengthen communities statewide.

The Missouri Linked Deposit Program for Alternative Energy provides low-interest loans to stimulate alternative energy growth and development.

Business Programs

 

Eligibility

Eligible businesses must:

  • Be a business enterprise engaged in the production, sale, or use of fuel or power from energy sources other than fossil fuels, including, but not limited to solar, hydroelectric, wind, and qualified biomass.
  • Be headquartered in Missouri.
  • Maintain operations and transact business in Missouri.
  • Be organized for profit.
  • Be located in Missouri.
  • Have obtained necessary local and state regulatory approval(s) for project.
  • Currently owe no unpaid, non-protested taxes to the State of Missouri or any political subdivision.
  • Have no unresolved environmental compliance issues with the Missouri Department of Natural Resources.
 

Loan Usage

Alternative energy operation loan proceeds may be used for the following operating expenses:

  • Inventory
  • Rent, utilities, insurance or taxes
  • Professional fees
  • Equipment purchase, rental or lease
  • Renovations, repairs, and maintenance of equipment and facilities
  • Purchase of land and buildings

Consumer Program

 

Eligibility

Eligible consumers must:

  • Be a resident of Missouri and at least 18 years of age.
  • Be a project located in Missouri.
  • Currently owe no unpaid, non-protested taxes to the State of Missouri or any political subdivision.
 

Loan Usage

Alternative energy consumer loan proceeds may be used for the following:

  • Purchase, installation, or construction of facilities or equipment related to the production of fuel or power from energy sources other than fossil fuels
  • Examples: Purchase and installation of solar panels, purchase of wind-generating power unit and qualified biomass projects

Download a Alternative Energy Operation or Alternative Energy Consumer Loan Application to be completed with your lender.

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