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Pathway Lending - Energy Efficiency Loan Program Success Stories

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Information about Pathway Lending - Energy Efficiency Loan Program Success Stories
Finance

Published on February 18, 2014

Author: infopathway

Source: slideshare.net

Description

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.
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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 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…

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:

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

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

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

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

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

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

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

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