Mountain Association for Community Economic Development - Solar Water Heater Loan Program (Kentucky)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Kentucky

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
Active Incentive Yes

Implementing Sector Non-Profit
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)
Website http://kysolar.org/incentives
Date added to DSIRE 2005-07-06
Last DSIRE Review 2013-02-05



References DSIRE[1]


Summary

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.


Incentive Contact

Contact Name SWH Information
Department Kentucky Solar Partnership
Division ATTN: SWH Loan Program
Address 2235 Gregory Woods Road

Place Frankfort, Kentucky
Zip/Postal Code 40601
Phone (888) 576-6527


Email solar@kysolar.org
Website http://www.kysolar.org/
     
     


















  • 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)"