| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Tennessee |
| Incentive Type: | Loan Program |
| Web Site: | https://www.pathwaylending.org/loans/Efficiency-Loans |
| Administrator: | Pathway Lending Community Development Financial Institution |
| Funding Source: | State of Tennessee, U.S. Department of Energy, U.S. Economic Development Administration, Pathway Lending, Pinnacle Financial Partners and the Tennessee Valley Authority |
| Start Date: | 08/01/2010 |
| Eligible Renewable/Other Technologies: | Solar Photovoltaics, Combined Heat & Power |
| Eligible Efficiency Technologies: | Lighting, Heat pumps, Air conditioners, Processing and Manufacturing Equipment, Comprehensive Measures/Whole Building, Custom/Others pending approval |
Pathway Lending's Energy Efficiency Loan Program provides Tennessee business and non-profit entities with below-market loans for energy efficiency and renewable energy improvements. All costs related to the efficiency measures may be financed, including assessments, design, equipment and installation. Any project that reduces utility consumption, across electric, gas, or water, may apply for financing through this program. The loans are designed to allow for energy costs savings derived from each project to provide the repayment of the loan. As of January 4, 2016, EELP will now offer up to six years of financing for qualified energy efficiency and renewable energy projects to Tennessee local governmental entities, including municipalities, counties, school districts and other similar public agencies. To be eligible for a loan, a governmental entity must have a complete third-party energy audit, assessment or vendor proposal that details estimated energy savings.
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A solar PV system is custom-designed for your home. Final solar system price may vary based on your location, monthly utility bill, government incentives and rebates, the condition of your home, and local installation prices. Solar PV system output and estimated savings are calculated based on several factors including product type, system production, geography, weather, shade, electricity use, full utilization of the 30% solar investment tax credit, and utility rate structures and rate increases. Savings on your total electricity costs are not guaranteed. Financing options and terms vary by location, and may not be available in all areas. Solar QC is neither the lender nor the project installer. Solar QC License# 1130591
