Pennyrile RECC - Commercial Energy Efficiency Loan Program

April 17, 2015

Summary

Pennyrile Rural Electric Cooperative serves 46,000 members in parts of nine Kentucky counties: Christian, Trigg, Logan, Todd, Muhlenberg, Lyon, Caldwell, Butler, and Simpson.

Pennyrile RECC offers its non-residential customers the opportunity for financing for energy efficiency improvements. Customers may borrow up to $25,000 to increase the efficiency of facilities. The interest rate of the loan is fixed over the life of the loan, which can be up to five years. Throughout the duration of the loan, customers must continue to be served by their current power supplier and pay equal monthly installments added to regular power bills. Those interested in this loan must have been customers of Pennyrile RECC for at least a year and have good credit. Fund will be available to local entities only.

For more information about measures eligible and current interest rates, contact Pennyrile RECC.

 

Program Overview

Implementing Sector: Utility
Category: Financial Incentive
State: Kentucky
Incentive Type: Loan Program
Web Site: http://www.precc.com/precc/comm_egcp.htm
Administrator: Pennyrile Rural Electric Cooperative Corporation
Start Date:
Eligible Renewable/Other Technologies:
  • Yes; specific technologies not identified
Maximum Loan: $25,000
Loan Term: Rate: fixed rate
Repayment: up to 5 years

Contact

Name: Customer Service - Pennyrile RECC
Organization: Pennyrile Rural Electric Cooperative Corporat
Address: 2000 Harrison Street
Hopkinsville KY 42241-2900
Phone: (270) 886-2555

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.