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Funding Resources
Funding Resources
| TN Commercial Energy Efficiency Loan Program | |
|---|---|
| Type of Incentive | Loan |
| Eligible States | TN |
| Eligible Technology | Backpressure Turbine, Boiler, Combustion Turbine, Condensing Turbine, Extracting Turbine, Fuel Cell, Microturbine, Other, Reciprocating Engine, Heat Recovery Generator, Stirling Engine |
| Eligible Fuel | # 2 Fuel Oil, # 6 Fuel Oil, Biogas, Biomass, Coal, Hydrogen, LFG, Municipal Solid Waste, Natural Gas, Other, Tire-Derived Fuel, Waste heat Recovery |
| Eligible Project Size | All (MW) |
| Number of Awards | |
| Size of Award |
Pathway Lending's Energy Efficiency Loan Program provides Tennessee business and non-profit entities with below-market loans for energy efficiency and renewable energy improvements. The shared savings option allows organizations to pay off the loan over a 10-year period with 50 percent of the money due to RE/EE projects, while retaining the remaining 50 percent. Loans range from $20,000 to $5 million. Pathway Lending's Energy Efficiency Loan Program interest rates have been reduced from 5 percent to 3 percent. This reduction remains in effect until December 31, 2011. |
| Start Date | 8/25/2010 |
| End Date |
|
| Minimum Efficiency(%) |
|
| Additional Information |
The second round of funding started on January 4, 2011 and will remain open until all loan funds are committed to qualified applicants on a first come, first serve basis. All required documents for applications and reports can be downloaded from the Pathway Lending website. |
| Web Site |
http://www.dsireusa.org/incentives/ incentive.cfm?Incentive_Code=TN65F¤tpageid=3&EE=1&RE=1  |
| Additional Web Site |
http://www.pathwaylending.org/loans |
| Primary Contact |
Pathway Lending State of Tennessee Department of Economic & Community Development 201 Venture Circle Nashville, TN 37228 U.S.A. Pathway Lending (eeinfo@pathwaylending.org) (888) 533-7284 (615) 425-7172 |