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Kentucky

Kentucky

Incentives/Policies for Energy Efficiency

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Mountain Association for Community Economic Development - Energy Efficient Enterprise Loan Program   

Last DSIRE Review: 01/25/2013
Program Overview:
State: Kentucky
Incentive Type: Local Loan Program
Eligible Efficiency Technologies: Clothes Washers, Dishwasher, Refrigerators, Dehumidifiers, Ceiling Fan, Water Heaters, Lighting, Chillers , Furnaces , Boilers, Heat pumps, Central Air conditioners, Compressed air, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Siding, Roofs, Agricultural Equipment, Commercial Refrigeration Equipment, LED Lighting, (For Commercial Use), Cool Roof
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Thermal Electric, Photovoltaics, Wind, Geothermal Electric, Geothermal Heat Pumps, Daylighting, Small Hydroelectric, Renewable Fuels, Ethanol, Methanol, Biodiesel
Applicable Sectors: Commercial, Industrial, Nonprofit, Schools, Local Government, Installer/Contractor, Institutional
Amount:Micro loans: $1,000 - $10,000 at 5% interest
Small business and start-up loans: up to $35,000
Other loans: up to $500,000 to qualified borrowers
Maximum Incentive:All MACED Loans: $500,000
Terms:Repayment can be partially secured by savings on electricity bills
Micro loans must be repaid within 48 months.
Web Site: http://www.maced.org/E3/index.html
Summary:

The Mountain Association for Community Economic Development (MACED) offers loans to small and mid-sized businesses, non-profits, schools and municipalities to improve energy efficiency through its Energy Efficient Enterprises program. Commercial loans can be used to purchase a wide-variety of equipment and to pay for energy efficiency upgrades and renewable energy installations. The micro-loans (up to $10,000, paid back within 4 years) may be used for lighting upgrades and the purchase of energy efficient, ENERGY STAR appliances. The program is flexible; the loans are designed to finance energy efficiency projects that maintain a positive cash flow due to the resulting energy savings. MACED has an energy specialist on staff to provide technical assistance to businesses and/or building contractors.

There is also financing available to pay for training, certification, travel and exams for installers of energy efficient and renewable energy systems.

Commercial loans are made throughout MACED's service area, which includes 54 Appalachian counties in Kentucky (as designated by the Appalachian Regional Commission).


 
Contact:
  Elizabeth Graves
Mountain Association for Community Economic Development
Energy Efficient Enterprises
433 Chestnut Street
Berea, KY 40403
Phone: (859) 986-2373
Fax: (859) 986-1299
E-Mail: egraves@MACED.org
Web Site: http://www.maced.org/loanproducts.htm
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.