MCSD Receives First State Energy Program School Loan

Posted on Tuesday, August 14, 2012

The Madison Central School District received the first loan awarded by the South Dakota Bureau of Administration through the State Energy Office in a new program for school energy efficiency projects. The loans are available to K-12 public schools for a period up to 10 years and with zero interest.

The new program run by the state is funded with petroleum violation escrow money the state received as a result of oil overcharges that were litigated in the 1970s. These funds were previously administered through the federal/state energy plan and were subject to stringent federal rules.

Madison Central School District received the $2.2 million loan for improvements and additions it is making to its existing high school including installing geothermal heating and cooling; upgrading windows, insulation, and lighting; and a digital control system to improve energy efficiency.