Solar Financing & Support
With utility rates on the rise in Eastern Kentucky, solar is helping many businesses, faith-based groups, schools, non-profits, and local governments save money.
For eligible businesses and organizations, we can provide:
- Loans up to $500,000 at 4 percent interest fixed for up to 20 years*
- Technical support during system design, throughout system install and beyond
- Grant application support for eligible businesses and organizations
- Information on tax credits, write-offs, cash flow, and impacts of any state policies on your investment
*All loans subject to approval; personal residences are not eligible
In additional to low-interest financing for solar projects, we also provide technical expertise to facilitate the project, including system design support, review of contractor proposals, answer any questions you may have about your investment, and more.
We also help businesses and organizations determine if they are eligible for any federal or state grants. For example, the USDA administers the Rural Energy for America Program (REAP) to provide financial assistance to rural small businesses and agricultural producers to purchase, install, and construct renewable energy systems, make energy efficiency improvements to non-residential buildings and facilities, use renewable technologies that reduce energy consumption, and participate in energy audits and renewable energy development assistance. The amounts range from $2,500-$500,000 for renewable energy systems.
The USDA also has a Community Facilities grant program for energy projects at community oriented facilities, and the Kentucky Governor’s Office of Agricultural Policy (GOAP) has a program for on-farm energy projects.
Several Eastern Kentucky businesses recently received grant funding for renewable energy projects after working with us:
Print My Threads was awarded a REAP grant of ~$20,000 for a solar installation on their facility near Ashland, KY as well as a second grant of ~$19,500 for energy efficiency upgrades.
Trillium Ventures was awarded ~$18,000, which will support solar on the roof of a redeveloped building in downtown Corbin, KY.
Isom IGA was awarded ~$43,000 through two REAP grants for a new roof, lighting and solar on their grocery store in Letcher County, KY.
Annie’s Frugal Finery was awarded ~$16,300 through REAP for solar on their consignment store in Whitesburg, KY.
Lazy Eight Stock Farm was awarded ~$10,000 through GOAP for solar on their farm in Garrard County, KY.
SouthDown Farm was awarded ~$10,000 through GOAP for solar on their farm in Letcher County, KY.