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Kentucky

Kentucky

Incentives/Policies for Renewables & Efficiency

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Mountain Association for Community Economic Development - Solar Water Heater Loan Program   

Last DSIRE Review: 02/05/2013
Program Overview:
State: Kentucky
Incentive Type: Local Loan Program
Eligible Renewable/Other Technologies: Solar Water Heat
Applicable Sectors: Commercial, Residential
Amount:100% of equipment and installation cost
Terms:Flexible rates and terms available
Funding Source:Kentucky Solar Partnership (KSP)
Web Site: http://kysolar.org/incentives
Summary:

The Kentucky Solar Partnership (KSP) and the Mountain Association for Community Economic Development (MACED) partner to offer low interest loans for the installation of solar water heaters. Loans cover the full equipment and installation cost. Flexible rate loans and terms are available. They may cover 100% of the equipment and labor costs for solar hot water systems. Approved loans require a 5% down payment. Solar collectors must be rated by the Solar Rating and Certification Corporation (SRCC) or industry equivalent.

Residents and businesses must be located in a participating Eastern Kentucky county in order to apply for the loan. A copy of the application can be downloaded from the program web site listed above. The application process includes a solar site assessment, which is to be completed by a solar water-heater installer to determine if the site is acceptable. If the loan application is accepted, the cost of the assessment will be included in the loan; if it is not accepted, the Kentucky Solar Partnership will reimburse the cost of the assessment, up to $50.


 
Contact:
  SWH Information
Kentucky Solar Partnership
ATTN: SWH Loan Program
2235 Gregory Woods Road
Frankfort, KY 40601
Phone: (888) 576-6527
Fax: (606) 256-2779
E-Mail: solar@kysolar.org
Web Site: http://www.kysolar.org/
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.