Through the Green Bank of Kentucky, state agencies may be eligible for three separate energy loan products, depending on the proposed energy efficiency improvements.* Prior to applying, all agencies are required to submit an energy survey (available on the Green Bank's web site). The Green Bank will then forward the loan application packet (including information regarding the additional required documentation) for the agency to complete and submit. All application letters must be signed by the agency head.
The Smart $aver® program offers incentives for residential customers to increase the energy efficiency of homes. Incentives are provided for qualifying heating and cooling equipment installation or service, attic insulation with air sealing, and duct insulation and sealing. Duke Energy Kentucky’s electric residential retail customers residing in a single-family home, condominium, or duplex are eligible for the incentives. All incentives are paid after completion of the services.
Duke Energy offers a variety of incentives through its “Smart $aver Incentive Program” for commercial and industrial customers installing energy efficient equipment in their facilities. Any of Duke Energy’s commercial or industrial customers not on the TT rate (Time-of-Day Rate for Service at Transmission Voltage) qualify for these prescriptive rebates. There are many eligible technologies, with varying rebate amounts, available for rebates, such as lighting equipment, cooling equipment, motors, pumps, food service equipment, and manufacturing process equipment.
The Direct Loan Program, is designed to allow businesses to obtain the long term financing needed to encourage growth. The Kentucky Economic Development Finance Authority (KEDFA) may participate in projects with loans ranging from $25,000 to $500,000. The amount of KEDFA participation is dependent on the project fixed asset cost. To participate, project owners must inject a minimum of 10% toward the fixed assets.
Cumberland Valley Electric offers a number of programs to promote energy conservation. This program offers rebates for air source heat pumps, building insulation (including windows and doors), and geothermal heat pumps. To qualify for the insulation rebate, the house must be stick-built or manufactured, must be electrically heated, and must be at least two years of age. To learn more about incentives contact Cumberland Valley Electric Cooperative at 1-800-513-2677 or visit the web site above.
Columbia Gas of Kentucky offers rebates to residential customers for the purchase and installation of energy efficient appliances and equipment. Water heaters, furnaces and space heating equipment are available for cash rebates. Additionally, free home energy audits are available to Columbia Gas customers. All efficiency and performance requirements must be met in order to receive rebates. Some installation requirements may also apply. All application and information forms are available on the program web site. Mail-in rebate applications should be sent to the address listed below.
The Commonwealth of Kentucky established the Kentucky Climate Action Plan Council (KCAPC) process to identify opportunities for Kentucky to respond to the challenge of global climate change while becoming more energy efficient, more energy independent, create jobs and spur economic growth. Recognizing the interconnectedness of energy, environment and economic development, in June of 2009 Governor Steven L. Beshear created the Kentucky Energy and Environment Cabinet (EEC).
Clean Coal Incentive Tax Credit provides for a property tax credit for new clean coal facilities constructed at a cost exceeding $150 million and used for the purposes of generating electricity. Before the credit is given, the Environmental and Public Protection Cabinet must certify that a facility is reducing emissions of pollutants released during electric generation through the use of clean coal equipment and technologies. The amount of the allowable credit is $2 per ton of eligible coal purchased that is used to generate electric power at a certified clean coal facility.
Clark Energy offers a free energy audit to provide residential customers with suggestions on ways to improve the energy efficiency of participating homes. Rebates are available for customers who replace an existing baseboard heat and/or electric furnace with an energy efficient geothermal or air-source heat pump. The Button Up Program offers rebates for weatherization measures such as window and door replacement and added insulation. To qualify for this program, homes must be electrically heated and at least two years old.