The Kentucky Solar Partnership (KSP) and the Mountain Association for Community Economic Development (MACED) partner to offer low interest loans for the installation of solar water heaters. Loans cover the full equipment and installation cost. Flexible rate loans and terms are available. They may cover 100% of the equipment and labor costs for solar hot water systems. Approved loans require a 5% down payment. Solar collectors must be rated by the Solar Rating and Certification Corporation (SRCC) or industry equivalent.
Residents and businesses must be located in a participating Eastern Kentucky county in order to apply for the loan. A copy of the application can be downloaded from the program web site listed above. The application process includes a solar site assessment, which is to be completed by a solar water-heater installer to determine if the site is acceptable. If the loan application is accepted, the cost of the assessment will be included in the loan; if it is not accepted, the Kentucky Solar Partnership will reimburse the cost of the assessment, up to $50.
|Incentive Type:||Loan Program|
|Administrator:||Mountain Association for Community Economic Development (MACED)|
|Eligible Renewable/Other Technologies:||
|Loan Term:||Flexible rates and terms available|
|Organization:||Kentucky Solar Partnership|
2235 Gregory Woods Road
Frankfort KY 40601
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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