With energy costs increasing, more energy efficiency projects may be cost effective. HCECDA economic development partners TVA, our two power distributors, USDA Rural Development, area universities, and Tennessee Economic & Community Development offer programs to help identify and to help pay for projects to make your business more energy efficient.
USDA Rural Development
Renewable Energy Systems and Energy Efficiency Improvements Program
University of Memphis Tennessee Energy Institute
U.S. Department of Energy
Energy Efficiency and Renewable Energy
Tennessee Technological University
Tennessee 3-Star Industrial Assessment Center
Tennessee Dept. of Economic & Community Development
Tennessee Industrial Technology Program
Tennessee Dept. of Economic & Community Development
Energy Division
For example, Tennessee Department of Economic & Community Development Energy Division has the Tennessee Small Business Energy Loan Program. This program offers a FREE energy audit to identify and quantify energy savings projects. Replacing inefficient heating, air-conditioning, old refrigeration units, motors, or other processing or manufacturing equipment. Even updating lighting can bring significant savings.
Here is the really cool part, they offer a low-interest loan program – up to $100,000 for a maximum of 7 years at 3% interest to finance these money-saving efficiency upgrades. But the really, really cool part — businesses in Three-Star communities (yes, Hickman County just re-certified in the Three-Star program) qualify for 0% interest on the loan.
If you are a business or industry located in Hickman County, contact me for more information.
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