$300,000 Small Business Energy Loans
The Tennessee Energy Division offers low-interest loans of up to $300,000, with terms of up to 7 years, for energy efficiency projects and other projects shown to save energy or decrease energy demand. Businesses with fewer than 300 employees or less than $3.5 million in annual gross sales or receipts are eligible. The loan is offered with a 0% interest rate for businesses in the Three-Star communities, and at a 3% interest rate for all others. Loans cannot be used for new construction or business start-up. All renewable energy technologies are eligible under the program’s guidelines. In addition to low-interest loans, the Energy Division offers free audits and technical assistance. Contact:
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