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Energy Efficiency Loans for State Government Agencies (Kentucky)
EZFeed/Relevant Yes  +
Incentive/Active true  +
Incentive/Amt Minimum loan: 50,000  +
Incentive/ApplDsc State Government  +
Incentive/AuthCode KRS § 56.770-784  +
Incentive/AuthLink http://www.lrc.ky.gov/statutes/chapter.aspx?id=37271  +
Incentive/ContAddr 403 Wapping Street  +
Incentive/ContDept Division of Facility Finance and Administration Cabinet  +
Incentive/ContEmail dick.mink@ky.gov  +
Incentive/ContName Dick Mink  +
Incentive/ContPhone (502) 564-5850  +
Incentive/ContPhone2 (502) 330-7094  +
Incentive/ContPlace Frankfort, Kentucky  +
Incentive/ContWebsite http://finance.ky.gov/Pages/default.aspx  +
Incentive/ContZip 40601  +
Incentive/EnergyCat Renewable Energy Incentive Programs  + , Energy Efficiency Incentive Programs  +
Incentive/FundSrc The American Recovery and Reinvestment Act (ARRA), Build America Bonds (BAB) or traditional tax-exempt bonds  +
Incentive/ImplSector State/Territory  +
Incentive/MaxInc Not specified  +
Incentive/Name Energy Efficiency Loans for State Government Agencies  +
Incentive/ProgAdmin Finance and Administration Cabinet  +
Incentive/ProgBudget $14,170,579  +
Incentive/Summary Through the Green Bank of Kentucky, execut
Through the Green Bank of Kentucky, executive branch state agencies may be eligible for three separate energy loan products, depending on the proposed energy conservation improvements.* Prior to applying, all agencies are required to submit an energy survey (available on the Green Bank's web site). The Green Bank will then forward the loan application packet (including information regarding the additional required documentation) for the agency to complete and submit. All application letters must be signed by the agency head.<br> <br> Initial funding for the Green Bank of Kentucky provided by the American Recovery and Reinvestment Act (ARRA) through the Kentucky State Energy Program.<br> <br> <u>eSELF Revolving Loan</u><br> This loan is for energy conservation projects costing between $50,000 and $225,000 that will result in at least a 20% energy reduction. Improvement projects funded under this loan will managed directly by the state agency.<br> <br> <u>Hybrid Revolving Loan</u><br> This loan is for energy conservation projects costing between $50,000 and $600,000. An energy audit or engineering analysis is required as well as a design and development package. The state agency is responsible for procuring materials and service. The cost of the audit/engineering analysis may be rolled into the loan.<br> <br> <u>ESPC Revolving Loan</u><br> This loan is for comprehensive energy conservation projects costing more than $600,000 and that utilize an Energy Savings Performance Company (ESPC) or Energy Service Company (ESCO). A detailed industrial energy audits as well as cost-benefit analysis is required. The cost of the audit/engineering analysis may be rolled into the loan.<br> <br> *''Technically, renewable energy technologies would be eligible for funding under this program, as long as the payback period is 15 years or less. In Kentucky, where electricity rates are approximately $0.06 per kilowatt hour, this is very difficult to achieve.''
hour, this is very difficult to achieve.''  +
Incentive/TechDsc Clothes Washers + , Equipment Insulation + , Water Heaters + , Lighting + , Lighting Controls/Sensors + , Chillers + , Furnaces + , Boilers + , Heat pumps + , Central Air conditioners + , Heat recovery + , Steam-system upgrades + , Compressed air + , Programmable Thermostats + , Energy Mgmt. Systems/Building Controls + , Motors + , Motor VFDs + , Comprehensive Measures/Whole Building + , Custom/Others pending approval + , CHP/Cogeneration + , Solar Water Heat + , Photovoltaics + , Wind + , Biomass + , Ground Source Heat Pumps + , Anaerobic Digestion +
Incentive/TechDscOther Yes; specific technologies not identified  +
Incentive/Terms Payback: 15 years  +
Incentive/Type State Loan Program +
OpenEI/PageDescription Energy Efficiency Loans for State Government Agencies: energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , Kentucky  + , State Loan Program  + , Finance and Administration Cabinet  +
Place Kentucky: Energy Resources +
Website http://finance.ky.gov/initiatives/greenbank/Pages/default.aspx  +
Categories Financial Incentive Programs , Pages with reference errors , Incentive with Contacts , Incentive with Authorities
Modification date
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09:30:39, 17 December 2014  +
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