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Summary

Program Category:

Financial Incentive

Program Type:

Loan Program

Implementing Sector:

Construction

State:

Kentucky (Limited Areas)

Contact Information

Phone:

Address:

Kentucky (Limited Areas)

Website:

Click here to visit

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

Last Update

About

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 $50,000) may be used for lighting upgrades and the purchase of energy efficient 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).

Details

Maximum Loan: $50,000
Loan Term: Repayment can be partially secured by savings on electricity bills
Micro loans must be repaid within 48 months.

Other Incentive Programs

For other incentive programs in Kentucky, please click here.

Please note that the information on this page is derived from DSIRE's Database of State Incentives for Renewables & Efficiency operated by NC Clean Energy Technology Center.