Small Business Energy Loan Program (Tennessee)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Tennessee

Name Small Business Energy Loan Program
Incentive Type State Loan Program
Applicable Sector Commercial, Industrial
Eligible Technologies Lighting, Chillers, Furnaces, Boilers, Heat pumps, Central Air conditioners, Heat recovery, Building Insulation, Windows, Custom/Others pending approval, Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Photovoltaics, Wind, Biomass, Geothermal Electric, Free Energy Audits
Active Incentive No

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs
Amount Varies by project







Start Date 1987-09-28







Maximum Incentive 300,000









Terms 3% for up to 7 years (0% for communities certified as "Three-Star")

Must have fewer than 300 employees, less than 3.5 million in annual gross sales, and be located in Tennessee

Program Administrator Tennessee Department of Economic and Community Development
Website http://www.tennessee.gov/ecd/bero/loan.html
Date added to DSIRE 2000-01-01
Last DSIRE Review 2010-09-01



References DSIRE[1]


Summary

*Program discontinued

The Tennessee Department of Economic and Community Development offers low-interest loans of up to $300,000, with terms of up to 7 years, for energy efficiency projects and other projects shown to save energy or decrease energy demand. Businesses with fewer than 300 employees or less than $3.5 million in annual gross sales or receipts are eligible. The loan is offered with a 0% interest rate for businesses in the Three-Star communities, and at a 3% interest rate for all others. Loans cannot be used for new construction or business start-up. All renewable energy technologies are eligible under the program's guidelines. In addition to low-interest loans, the Energy Division offers free audits and technical assistance.


Authorities (Please contact the if there are any file problems.)

Authority 1: Tenn. Code § 4-3-710
Date Effective 1987-09-28
Date Enacted 1987-06-19


Authority 2: Tenn. Code § 4-3-702



















Incentive Contact

Contact Name Jeff Bolton
Department Tennessee Department of Economic and Community Development
Division Energy Division
Address 312 8th Avenue, North, 10th Floor
Address 2 William Snodgrass Tennessee Tower
Place Nashville, Tennessee
Zip/Postal Code 37243-0405
Phone (615) 741-6671


Email jeff.bolton@state.tn.us
Website http://www.tennessee.gov/ecd/CD_energy.html
Contact Name Ryan Gooch
Department Tennessee Department of Economic and Community Development
Division Energy Division
Address 312 8th Avenue, North, 10th Floor
Address 2 William Snodgrass Tennessee Tower
Place Nashville, Tennessee
Zip/Postal Code 37243-0405
Phone (615) 741-2994
Phone 2 (615) 741-6671

Email Ryan.Gooch@state.tn.us
Website http://www.tennessee.gov/ecd/CD_energy.html
     

  • 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)"