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