Launched in 2010, the Tennessee Energy Efficiency Loan Program provides businesses with flexible, below market rate loans to help implement projects that reduce energy use, improve cash flow and provide a new opportunity for growth.
With 5 year loans currently priced at 2% interest now available, Pathway Lending’s energy efficiency loan program provides a unique source of capital to all commercial and non-profit businesses that helps them improve the performance of their buildings, save money, and become more competitive among their peers. With this program, there has never been a better time to think about energy-saving projects at your facility.
2. Helping Businesses Save Energy Since 2010
Launched in 2010, the Tennessee Energy Efficiency Loan Program provides businesses with
flexible, below market rate loans to help implement projects that reduce energy use,
improve cash flow and provide a new opportunity for growth.
More Than $15 Million in Loans Made to Tennessee Businesses
Pathway Lending’s energy efficiency loan program helps businesses overcome the upfront
cost barriers associated with implementing energy projects. With up to 100% project
financing, project design and installation costs are covered. Take advantage of this lowcost capital to improve your facility’s performance now and enjoy the financial benefits for
years to come.
A wide range of projects, including system upgrades, equipment purchases, and building
retrofits have been funded through the Energy Efficiency Loan Program. CLICK THROUGH
FOR MORE INFORMATION…
3. Success Story: Manufacturers Industrial Group
“It is like the difference between night and day, I highly recommend
it. Along with the energy improvements, the new lighting also
provides a better environment for employees.” – Andre Gist, CEO
Energy Efficient Lighting Installation
Before:
Manufacturers Industrial Group, LLC received a complete
facilities audit, which reviewed lighting, wiring, air hoses,
power outlets and other areas. The lighting retrofit is
forecasted to pay for itself in approximately two years.
3 Projects – Total Cost:
Annual Energy Reduction:
Annual Cost Savings:
$390,000
1,463,362 kWh
$145,166
After:
4. Success Story: Eco Travel Plaza
“We use a lot of electricity and we wanted to do more. But we didn't
have room on our site for more solar panels or wind, so we couldn't
produce more energy. We decided to cut what we use.”
– Don Demko, Owner
Solar Panels, Lighting & HVAC Upgrades
Eco Travel Plaza in Crossville, Tennessee aims to be the most ecofriendly truck plaza in the country. With a Pathway Lending
Energy Efficiency loan, the business was able to implement LED
lighting, efficient HVAC, Electric Charging Stations and Solar
projects to achieve this goal.
• 2 projects – Total Cost:
• Annual Energy Reduction:
• Annual Energy Generation:
• Annual Cost Savings:
$300,000
131,202 kWh
48,174 kWh
$29,634
5. Success Story: Fairlawns Building
HVAC Upgrades
The Fairlawns Building is a commercial office building in
Brentwood, Tennessee. Using a Pathway Lending Energy
Efficiency loan, building management replaced a cooling tower
then later replaced evaporator coils.
• Total Project Cost:
• Annual Energy Reduction:
• Annual Cost Savings:
$69,000
98,892 kWh
$9,889
6. Success Story: Holiday Inn
Water Heaters, Equipment,
and Lighting Upgrades
Holiday Inn World’s Fair Park in Knoxville, Tennessee used a
Pathway Lending Energy Efficiency loan to purchase high
efficiency water heaters and clothes dryers. Financing was also
used to retrofit parking garage lights.
• Total Project Cost:
• Annual Energy Reduction:
• Annual Cost Savings:
$343,000
450,532 kWh
$45,053
7. Success Story: Reeder Chevrolet
Lighting and HVAC Upgrades
Reeder Chevrolet in Knoxville, Tennessee replaced boilers to
reduce consumption of natural gas and installed new lighting
systems and HVAC units to reduce electricity use.
• Total Project Cost:
• Annual Energy Reduction:
• Annual Energy Cost Savings:
$153,000
634,118 kWh
$58,764
8. Success Story: Senior Living Facility
Lighting and HVAC Upgrades
Maturecare of Standifer Place conducted an energy assessment
to determine energy savings opportunities. Of the
recommendations, the organization chose to retrofit lighting,
upgrade HVAC, and replace windows using a Pathway Lending
Energy Efficiency Loan.
• Total Project Cost:
• Annual Energy Reduction:
• Annual Energy Cost Savings:
$200,000
286,547 kWh
$27,222
9. Success Story: Unicoi County Hospital
Lighting Upgrades
Unicoi County Memorial Hospital is a not-for-profit hospital in
Erwin, Tennessee that has been operating since 1953. In April of
this year the hospital used a Pathway loan to replace T-12 and
incandescent lights throughout its facility with T-8s and LEDs.
• Total Project Cost:
• TVA Energy Right Rebate:
• Annual Energy Reduction:
• Annual Energy Cost Savings:
$100,000
$30,437
391,988 kWh
$43,118
10. Success Story: Bartlett Chamber Building
Lighting Upgrades and Reflective Roof
The Barlett Area of Commerce launched Team Green Zone in
2011 to improve operational efficiencies of businesses in the
region. One of Team Green Zone’s first initiatives was a retrofit of
the Bartlett Chamber building. The retrofit included lighting,
lighting controls, and a reflective roof.
• Total Project Cost:
• Annual Energy Reduction:
• Annual Energy Cost Savings:
$105,000
36,034 kWh
$4,324