Energy Efficient Schools Initiative - Loans (Tennessee)

From Open Energy Information

Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Tennessee


Name Energy Efficient Schools Initiative - Loans
Incentive Type State Loan Program
Applicable Sector Schools, (K-12)
Eligible Technologies Boilers, Central Air conditioners, Chillers, Comprehensive Measures/Whole Building, Custom/Others pending approval, Energy Mgmt. Systems/Building Controls, Furnaces, Heat pumps, Lighting, Lighting Controls/Sensors, Motor VFDs, Motors, Programmable Thermostats, Geothermal Heat Pumps, Unspecified technologies
Active Incentive Yes
Implementing Sector State/Territory
Energy Category Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs
Amount 66/student








Maximum Incentive 1 million/district for EESI loans

and
5 million for guaranteed energy savings project loans



Program Budget $90 million



Terms 0% interest for 10 years

and
.75% interest for 12 years

Program Administrator Energy Efficient Schools Initiative
Website http://www.tn.gov/eesi/finance_inc.shtml


References DSIRE[1]


Summary

Applications are now being considered on a case-by-case basis. School districts interested in applying for loans should contact Ron Graham, Executive Director of the Energy Efficient Schools Initiative, directly.

The Energy Efficient Schools Initiative (EESI) was created in May 2008 to provide grants and loans to Tennessee school systems for capital outlay projects that meet energy efficient design and technology guidelines for school facilities. All school systems in Tennessee are eligible to apply. Possible projects include lighting upgrades, HVAC upgrades, and other projects that meet pre-determined energy use objectives. The maximum loan is $66/student (at the district level).

School districts that already executed loans totaling less than $1 million cannot refinance existing loans, but they can apply for an additional loan as long as the combined total does not exceed $1 million. In addition, the Technical Advisory Committee will review $30 million worth of loans, which have a $5 million cap per school district. The committee will submit its choices to the EESI Council.

State government appropriated the original funding ($90 million) with a onetime transfer from the Lottery for Education Account reserve and Lottery for Education special reserve account for K-12 capital outlay. Additional money to the fund comes from interest earnings and other funds secured by the Energy Efficient Schools Council. The Council is part of the Department of Education.

<metadesc> Energy Efficient Schools Initiative - Loans: energy incentive program. </metadesc>

Incentive Contact

Contact Name EESI Program Administrator
Department Energy Efficient Schools Initiative
Address 710 James Robertson Parkway
Address 2 12th Floor, Andrew Johnson Tower
Place Nashville, Tennessee
Zip/Postal Code 37243
Phone (615) 532-8273


Email eesi.admin@tn.gov
Website http://tn.gov/eesi/


















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"