Pathway Lending's Energy Efficiency Loan Program provides Tennessee business and non-profit entities with below-market loans for energy efficiency and renewable energy improvements. All costs related to the efficiency measures may be financed, including assessments, design, equipment, and installation. Any project that reduces utility consumption, across electric, gas, or water, may apply for financing through this program. The loans are designed to allow for energy cost savings derived from each project to provide the repayment of the loan.
Starting in 2016, EELP began offering up to six years of financing for qualified energy efficiency and renewable energy projects to Tennessee local governmental entities, including municipalities, counties, school districts, and other similar public agencies. To be eligible for a loan, a governmental entity must have a complete third-party energy audit, assessment, or vendor proposal that details estimated energy savings.
| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Tennessee |
| Incentive Type: | Loan Program |
| Web Site: | https://www.pathwaylending.org/loans/Efficiency-Loans |
| Administrator: | Pathway Lending Community Development Financial Institution |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
|
| Maximum Loan: |
$5 million 100% of cost |
| Loan Term: |
4% fixed up to 5 year term 6% fixed for 5-10 year terms Repayment up to 10 years All loan costs may be financed No prepayment penalty Loan recipients must complete a vendor proposal with detailed project energy savings For local governmental entities: Up to 6 years of financing at 4% interest |
| Name: | Pathway Lending |
| Address: |
201 Venture Circle Nashville TN 37228 |
| Phone: | (615) 425-7171 |
| Email: | info@pathwaylending.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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