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TN Plan Offers Energy Loans: Businesses Can Borrowa at Low Rates to Upgrade Efficiency

A new state-sanctioned program will allow Tennessee businesses to finance loans to improve energy efficiency in their operations at low interest and with the repayment covered by cost savings.  The $50 million loan program will be administered by Pathway Lending, a community development financial institution. Of the $50 million, $15 million will come from the state, $15 million from TVA and $20 million from Pinnacle Financial Partners. The Energy Efficiency Loan Program will require businesses seeking a loan to undergo an energy audit. Any size business is eligible. 

8/26 The Knoxville News-Sentinel