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What is the difference between the loan and grant portion of SCIF?

April 26, 2017difference loan portion scif

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What is the difference between the loan and grant portion of SCIF?

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• 70% of SCIF is allocated as a loan. This means that we will fund your project and expect the money to be paid back within 10 years from either revenues or energy savings. • 30% of SCIF is allocated as a grant. This means that we will fund your project up front and no payback is required.