| Implementing Sector: | Local |
| Category: | Financial Incentive |
| State: | Kentucky |
| Incentive Type: | Loan Program |
| Web Site: | http://www.maced.org/ED-loan-products.htm |
| Administrator: | Mountain Association for Community Economic Development (MACED) |
| Eligible Renewable/Other Technologies: | Solar Water Heat, Geothermal Electric, Solar Thermal Electric, Solar Photovoltaics, Wind (All), Geothermal Heat Pumps, Daylighting, Wind (Small), Hydroelectric (Small) |
| Eligible Efficiency Technologies: | Clothes Washers, Dishwasher, Refrigerators/Freezers, Dehumidifiers, Ceiling Fan, Water Heaters, Lighting, Chillers, Furnaces, Boilers, Heat pumps, Air conditioners, Compressed air, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Siding, Roofs, Agricultural Equipment, Other EE, Reflective Roofs, LED Lighting, Commercial Refrigeration Equipment |
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).
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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
