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

August 03, 2020

Summary

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).

Program Overview

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)
Start Date:
Eligible Renewable/Other Technologies:	Solar Water Heat Geothermal Electric Solar Thermal Electric Solar Photovoltaics Wind (All) Geothermal Heat Pumps Daylighting 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 Wind (Small) Hydroelectric (Small) Reflective Roofs LED Lighting Commercial Refrigeration Equipment
Maximum Loan:	$50,000
Loan Term:	Repayment can be partially secured by savings on electricity bills Micro loans must be repaid within 48 months.

Contact

Name:	Elizabeth Graves
Organization:	Mountain Association for Community Economic D
Address:	433 Chestnut Street Berea KY 40403
Phone:	(859) 986-2373
Email:	egraves@MACED.org

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.