Mountain Association for Community Economic Development - Solar Water Heater Loan Program (Kentucky)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Mountain Association for Community Economic Development - Solar Water Heater Loan Program|
|Incentive Type||Local Loan Program|
|Applicable Sector||Commercial, Residential|
|Eligible Technologies||Solar Water Heat|
|Energy Category||Renewable Energy Incentive Programs|
|Amount||100% of equipment and installation cost|
|Funding Source||Kentucky Solar Partnership (KSP)|
|Terms||Flexible rates and terms available|
|Program Administrator||Mountain Association for Community Economic Development (MACED)|
The Kentucky Solar Partnership (KSP) and the Mountain Association for Community Economic Development (MACED) partner to offer low interest loans for the installation of solar water heaters. Loans cover the full equipment and installation cost. Flexible rate loans and terms are available. They may cover 100% of the equipment and labor costs for solar hot water systems. Approved loans require a 5% down payment. Solar collectors must be rated by the Solar Rating and Certification Corporation (SRCC) or industry equivalent.
Residents and businesses must be located in a participating Eastern Kentucky county in order to apply for the loan. A copy of the application can be downloaded from the program web site listed above. The application process includes a solar site assessment, which is to be completed by a solar water-heater installer to determine if the site is acceptable. If the loan application is accepted, the cost of the assessment will be included in the loan; if it is not accepted, the Kentucky Solar Partnership will reimburse the cost of the assessment, up to $50.
|Contact Name||SWH Information|
|Department||Kentucky Solar Partnership|
|Division||ATTN: SWH Loan Program|
|Address||2235 Gregory Woods Road|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.