TVA Energy Right Solutions for Businesses
Today there are more ways than ever for businesses to save money and go green. And there are even incentives that can help! KUB, in partnership with TVA, offers EnergyRight® Solutions to electric customers.
Participants receive information on improving energy efficiency and reducing operating costs. The program offers advice and energy assessments along with financial assistance to most businesses, from small commercial customers to large industrial customers with up to five megawatts of monthly power demand. Incentives are available for certain electrification upgrades, including electric forklifts.
Call 1-866-233-0450 weekdays between 9 a.m. and 6 p.m. or visit http://www.energyright.com/ to see if your business could save.
State Energy Efficiency Loans
The State’s $50 million loan program offers access to below-market rate loans, financing up to 100 percent of improvements aimed at reducing energy consumption while lowering overall costs and improving profitability.
The Energy Efficiency Loan Program is available to any business seeking to reduce energy consumption in its Tennessee facilities through building retrofits and upgrades, equipment replacement purchases, or other energy efficiency or renewable energy projects. To be eligible for a loan, a business must have a completed energy audit, assessment, or vendor proposal with detailed project energy savings. Once verified, these energy savings determine the amount and term of the loan and the applicant’s ability to repay the loan with those savings.
Businesses may apply online at Pathway Lending or call (615) 425-7171 for more information.
Other Financial Incentives
To find out about other incentives available to businesses for energy efficiency and renewable energy projects, visit the TN State Energy Office web site.
The Database for State Incentives for Renewables and Energy Efficiency (DSIRE) lists even more opportunities at http://www.dsireusa.org/.
TVA's Quality Contractor Network
Through TVA's Quality Contractor Network, you have access to quality contractors approved by TVA and KUB. Each contractor is licensed and insured and completes training on TVA's quality guidelines. Learn more about the network here or at the video below.