Last Updated May 22, 2024
Program Overview
Category:
Financial Incentive
State:
Tennessee
Incentive Type:
Loan Program
Administrator:
Energy Efficient Schools Initiative
Start Date:
N/A
Expiration Date:
N/A
Web Site:
Applicable Sectors:
Schools
Eligible Renewable/Other Technologies:
Geothermal Heat Pumps, Lighting, Lighting Controls/Sensors, Chillers, Furnaces, Boilers, Heat pumps, Air conditioners, Programmable Thermostats, Energy Mgmt. Systems/Building Controls, Motors, Motor VFDs, Comprehensive Measures/Whole Building, Custom/Others pending approval, Yes; specific technologies not identified, Food Service Equipment
Summary
The Energy Efficient Schools Initiative (EESI) was created in May 2008 to provide loans to Tennessee school systems for capital outlay projects that meet energy efficient design and technology guidelines for school facilities. All school systems in Tennessee are eligible to apply.
State government appropriated the original funding ($90 million) with a onetime transfer from the Lottery for Education Account reserve and Lottery for Education special reserve account for K-12 capital outlay. Additional money to the fund comes from interest earnings and other funds secured by the Energy Efficient Schools Council. The Council is administratively attached to the Department of Education.
Eligible projects include lighting retrofits and controls, HVAC upgrades, building automation systems, retro-commissioning, upgrades to more efficient appliances and certain building envelope improvements. Project required architectural and engineering services are also eligible.
All project applications will be reviewed by EESI’s Technical Advisory Committee, which will verify the proposed energy cost reductions to assure adequate savings to fund the loan debt. Assistance in completing the application will be provided to district personnel from EESI staff upon request. EESI staff can also recommend additional low cost project funding opportunities if the amount of funds they have available is less than what is needed.