Small Business Energy Loan Program

The Tennessee Small Business Energy Loan Program provides low-interest loans of up to $300,000 to qualified Tennessee-based businesses to help upgrade the level of energy efficiency in their buildings, plants and to improve manufacturing processes. Companies with fewer than 300 employees or less than $3.5 million in annual gross sales or receipts are eligible to apply for loans to install insulation, double pane windows, energy efficient heating, cooling and ventilation equipment and energy efficient lighting. Other measures shown to save energy or decrease demand are also eligible for funding. Free energy audits are available to help interested companies identify potential sources of energy efficiency. Loans can be repaid over a period of time not to exceed 7 years. A zero percent (0%) interest loan is available for businesses located in Three-Star communities. For business located in all other communities, the loan is available at the rate of three percent (3% loan).