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

This is the approved revision of this page, as well as being the most recent.
Jump to: navigation, search

Summary

Last modified on December 17, 2014.

Financial Incentive Program

Place Kentucky

Name Mountain Association for Community Economic Development - Energy Efficient Enterprise Loan Program
Incentive Type Local Loan Program
Applicable Sector Commercial, Industrial, Nonprofit, Schools, Local Government, Installer/Contractor, Institutional
Eligible Technologies Clothes Washers/Dryers, 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, Solar Water Heat, Solar Thermal Electric, Photovoltaics, Wind, Geothermal Electric, Geothermal Heat Pumps, Daylighting, Small Hydroelectric, Renewable Fuels, Ethanol, Methanol, Biodiesel, LED Lighting
Active Incentive Yes

Implementing Sector Local
Energy Category Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs
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.

Program Administrator Mountain Association for Community Economic Development (MACED)
Website http://www.maced.org/E3/index.html
Date added to DSIRE 2009-04-08
Last DSIRE Review 2013-01-25



References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


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).


Incentive Contact

Contact Name Elizabeth Graves
Department Mountain Association for Community Economic Development
Division Energy Efficient Enterprises
Address 433 Chestnut Street

Place Berea, Kentucky
Zip/Postal Code 40403
Phone (859) 986-2373


Email egraves@MACED.org
Website http://www.maced.org/loanproducts.htm
     
     


  • 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"