Last Updated August 11, 2020
Program Overview
Category:
Financial Incentive
State:
Kentucky
Incentive Type:
Loan Program
Administrator:
Finance and Administration Cabinet
Start Date:
N/A
Expiration Date:
N/A
Applicable Sectors:
N/A
Eligible Renewable/Other Technologies:
N/A
Summary
Through the Green Bank of Kentucky, executive branch state agencies may be eligible for three separate energy loan products, depending on the proposed energy conservation improvements. Prior to applying, all agencies are required to submit an energy survey (available on the Green Bank's web site). The Green Bank will then forward the loan application packet (including information regarding the additional required documentation) for the agency to complete and submit. All application letters must be signed by the agency head.
Initial funding for the Green Bank of Kentucky provided by the American Recovery and Reinvestment Act (ARRA) through the Kentucky State Energy Program.
eSELF Revolving Loan
This loan is for energy conservation projects costing between $50,000 and $225,000 that will result in at least a 20% energy reduction. Improvement projects funded under this loan will managed directly by the state agency.
Hybrid Revolving Loan
This loan is for energy conservation projects costing between $50,000 and $600,000. An energy audit or engineering analysis is required as well as a design and development package. The state agency is responsible for procuring materials and service. The cost of the audit/engineering analysis may be rolled into the loan.
ESPC Revolving Loan
This loan is for comprehensive energy conservation projects costing more than $600,000 and that utilize an Energy Savings Performance Company (ESPC) or Energy Service Company (ESCO). A detailed industrial energy audits as well as cost-benefit analysis is required. The cost of the audit/engineering analysis may be rolled into the loan.