Tennessee Energy Efficiency Loan Program

Success Stories: Tennessee Businesses Go Green to Save Green

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 low-cost 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…

“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

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: $390,000 Annual Energy Reduction: 1,463,362 kWh Annual Cost Savings: $145,166

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Success Story: Manufacturers Industrial Group

“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 eco-friendly 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: $300,000 • Annual Energy Reduction: 131,202 kWh • Annual Energy Generation: 48,174 kWh • Annual Cost Savings: $29,634

Success Story: Eco Travel Plaza

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: $69,000 • Annual Energy Reduction: 98,892 kWh • Annual Cost Savings: $9,889

Success Story: Fairlawns Building

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: $343,000 • Annual Energy Reduction: 450,532 kWh • Annual Cost Savings: $45,053

Success Story: Holiday Inn

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: $153,000 • Annual Energy Reduction: 634,118 kWh • Annual Energy Cost Savings: $58,764

Success Story: Reeder Chevrolet

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: $200,000 • Annual Energy Reduction: 286,547 kWh • Annual Energy Cost Savings: $27,222

Success Story: Senior Living Facility

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: $100,000 • TVA Energy Right Rebate: $30,437 • Annual Energy Reduction: 391,988 kWh • Annual Energy Cost Savings: $43,118

Success Story: Unicoi County Hospital

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: $105,000 • Annual Energy Reduction: 36,034 kWh • Annual Energy Cost Savings: $4,324

Success Story: Bartlett Chamber Building