Local Government Energy Loan Program (Tennessee)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Local Government Energy Loan Program|
|Incentive Type||State Loan Program|
|Applicable Sector||Local Government, Schools|
|Eligible Technologies||Boilers, Central Air conditioners, Chillers, Furnaces, Heat pumps, Lighting|
|Energy Category||Energy Efficiency Incentive Programs|
|Amount||Varies by specifications of energy audit|
|Funding Source||Oil overcharge restitution funds|
|Terms||3% for loans over 7 years (0% for communities certified as "Three-Star")|
The Local Government Energy Efficiency Loan Program offers low interest loans to municipal and county governments for energy efficiency-related projects in courthouses, administration buildings, schools, maintenance facilities, and any other building owned by the city or county. Free energy audits and technical assistance is available to all local government institutions regardless of whether they borrow loan funds. Eligible projects can borrow up to $500,000 at an approximate 3% interest rate.
|Contact Name||Paula Lovett|
|Department||Tennessee Department of Economic and Community Development|
|Address||312 8th Avenue, North, 10th Floor|
|Address 2||William Snodgrass Tennessee Tower|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.