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

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Program Mountain Association for Community Economic Development - Energy Efficient Enterprise Loan Program
Category Financial Incentive
Implementing sector Local
Last Update
State Kentucky
Administrator Mountain Association for Community Economic Development (MACED)
Website http://www.maced.org
Budget -
Start Date
Technologies Solar Water Heat, Solar Thermal Electric, Solar Photovoltaics, Daylighting
Sectors

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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