Tax Incentives and Funding Opportunities
SCEO provides a simple application
by mail, fax, or e-mail upon request. Implementation of energy projects must begin within six months of loan closing. Staff Review Committee:
SCEO accepts the original application, along with a detailed description of the project and financial statements. SCEO staff conducts a technical and financial review of the proposed project to determine if it meets program criteria and saves sufficient energy. Applications are referred to the Loan Approval Committee for consideration. Loan Approval Committee:
The Loan Approval Committee evaluates qualified loans at the end of each quarter or more frequently if needed. Committee members prioritize approvals based on projected energy savings paybacks. The total project cost divided by the annual energy savings must be eight years or less. Committee Recommendations:
The Loan Approval Committee submits its recommendations to the SCEO Director for approval. If approved, the application is forwarded to the Chief of Staff of the SC Budget and Control Board for final approval.