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From Open Energy Information

Commercial Energy Efficiency Loan Program (Tennessee)
Incentive/Active true  +
Incentive/Amt $20,000 - $5 million<br /> Shared Savings Option: retain up to 50% of monthly energy savings, pay loan with remainder.  +
Incentive/ApplDsc Commercial  + , Industrial  + , Nonprofit  +
Incentive/ContAddr 201 Venture Circle  +
Incentive/ContDept Tennessee Department of Economic and Community Development  +
Incentive/ContEmail eeinfo@pathwaylending.org  +
Incentive/ContName Pathway Lending  +
Incentive/ContPhone (888) 533-7284  +
Incentive/ContPhone2 (615) 425-7171  +
Incentive/ContPlace Nashville, Tennessee  +
Incentive/ContWebsite http://www.tn.gov/ecd/  +
Incentive/ContZip 37228  +
Incentive/EnergyCat Energy Efficiency Incentive Programs  + , Renewable Energy Incentive Programs  +
Incentive/FundSrc State of Tennessee, U.S. Department of Energy, U.S. Economic Development Administration, Pathway Lending, Pinnacle Financial Partners and the Tennessee Valley Authority  +
Incentive/ImplSector State/Territory  +
Incentive/MaxInc $5 million<br /> 100% of cost  +
Incentive/Name Commercial Energy Efficiency Loan Program  +
Incentive/ProgAdmin Pathway Lending Community Development Financial Institution  +
Incentive/ProgBudget $50 million  +
Incentive/StartDate January 4, 2011  +
Incentive/StartDateString 2011-01-04  +
Incentive/Summary Based on a U.S. Department of Energy Indus
Based on a U.S. Department of Energy Industrial Loan program, 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% of the money going to renewable energy and energy efficiency projects, while retaining the remaining 50% through energy savings to pay off the loan (most common for projects with a two-year simple payback and a four-year loan term). All costs related to the efficiency measures may be financed, including loan fees, assessments, design, equipment and installation. The amount of savings achieved monthly through energy use reduction determines the monthly payments for the loan as long as payments do not exceed 10 years. Pathway Lending is currently working with the following city and county governments to provide these low interest loans*: *Memphis/Shelby County *Knoxville/Knox County *Nashville/Davidson County [http://www.pathwaylending.org/loans/energy/lending-process All required documents] for applications and reports are available on the Pathway Lending web site. ''*Additional communities are encouraged to participate in the program. For more information, please contact Pathway Lending.''
rmation, please contact Pathway Lending.''  +
Incentive/TechDsc Central Air conditioners + , Comprehensive Measures/Whole Building + , Custom/Others pending approval + , Heat pumps + , Lighting + , Processing and Manufacturing Equipment + , CHP/Cogeneration +
Incentive/TechDscOther Custom Renewable Energy  + , Custom Co-Generation  +
Incentive/Terms Interest Rate: 2% fixed up to 5 year term;
Interest Rate: 2% fixed up to 5 year term; 5% fixed for 5-10 year terms<br /> Repayment up to 10 years<br /> All loan costs may be financed; no prepayment penalty. Loan recipients must complete a vendor proposal with detailed project energy savings.
osal with detailed project energy savings.  +
Incentive/Type State Loan Program +
OpenEI/PageDescription Commercial Energy Efficiency Loan Program: energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , Tennessee  + , State Loan Program  + , Pathway Lending Community Development Financial Institution  +
Place Tennessee: Energy Resources +
Website http://www.pathwaylending.org/loans/energy  +
Categories Financial Incentive Programs , Incentive with Contacts
Modification date
"Modification date" is a predefined property that corresponds to the date of the last modification of a subject and is provided by Semantic MediaWiki.
18:58:35, 12 February 2015  +
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