Apply an additional 50% revenue allowance over MLGWs standard policy
The developer must submit documentation proving that the particular apartment
development is recognized as a low income development by the appropriate nonprofit or government agency. The builder must also enroll the apartment development in MLGWs EcoBuild program.
Promote development of apartments for affordable rental housing.
Connect fees may be waived or refunded to the home builder
The Builder must submit proof of the homes certification from a non-profit or government agency that the home is eligible for affordable incentives at the time the service request is made; The builder must enroll the home in MLGWs EcoBuild program; The home must be an individual single-family home or duplex; The maximum sale price shall be $140,000.
Promote non-profit and governmental agency efforts to produce affordable dwelling
Apply an additional 50% lot allowance over MLGWs standard policy
The developer must submit documentation proving that the particular development is recognized as a low income development by the appropriate nonprofit
or government agency; At least fifty percent (50%) of the homes in the development must meet affordable housing criteria; The homes must meet EcoBuild criteria; The homes shall not exceed $140,000 in price.
Promote development of lots for affordable housing.
Allows the waiver of electric utility deposits for a limited time
TVA and MLGW will purchase insurance coverage for the electric utility deposit requirement for a term of five years. After year two of the term, coverage will decline 25 percent each year. Program is available to new or expanding creditworthy commercial and industrial customers through a partnership between TVA and MLGW. Requires at least 25 employees and an average monthly power usage exceeding 250 kilowatts.
Created to support commercial and industrial companies efforts to be more competitive by freeing up valuable capital as they locate or expand in the region.
Allows an additional 50% revenue allowance over MLGWs standard policy for costumers located downtown
Eligible customers include developers, residential and commercial. The target area is bounded by Chelsea, Danny Thomas, Crump Blvd and the Mississippi River. These additional incentives are only for revenue extensions
Created to promote use of MLGWs installed capacity in the downtown area.
Tax credit against franchise and excise taxes for companies involved in producing green technology
Must be a certified green energy supply chain manufacturer or affiliated company. "Certified green energy supply chain manufacturer? means any manufacturer that has made during the investment period a required capital investment in excess of $250 million in constructing, expanding, or remodeling a facility that is certified to be a facility engaged in manufacturing a product that is necessary for the production of green energy.
Green Energy Tax Credit was developed as a part of a comprehensive strategy to encourage green energy projects to locate in Tennessee.
Green Power Providers participants are eligible for a federal tax credit that can mean substantial savings on their tax bills
Tennessee Valley Authority (TVA) and participating power distributors of TVA power offer a performance-based incentive program to homeowners and businesses for the installation of renewable generation systems from the following qualifying resources: PV, wind, hydropower, and biomass; Eligible Systems must not have previously generated renewable energy for sale to TVA prior to October 1, 2012, unless the system was part of the Generation Partners pilot; Qualifying systems will have a minimum total nameplate generation capacity (DC) of 500 watts (W) and a maximum of 50 kilowatts (kW). Systems over 50kW may qualify to participate in TVAs Mid-Sized Renewable Standard Offer program (link to DSIRE summary). Systems greater than 10 kilowatts in size will be subject to a load requirement.
The purpose of the Green Power Providers program is to continue to increase the renewable energy supply in the Tennessee Valley region.
Businesses are eligible for tax credits for qualified solar water heating and photovoltaic systems, and for certain solar lighting systems; The tax credits are for 30% of the cost of the system
The tax credits go to businesses that install solar equipment for their use, and to individuals who install qualifying systems on homes they use as a residence (unlike other consumer incentives, the dwelling does not have to be the taxpayer's primary residence - second homes are eligible, although rental properties are not); Note: The credits are available for systems "placed in service" between January 1, 2006 and December 31, 2016;
Developed to encourage energy efficient consumers, businesses and practices.
Monthly power bill credits to qualifying power customers who contribute to the economic development of the Tennessee Valley
Award amounts based on capital investment, jobs added or retained, average wages paid, and annual load factor. Requires at 250-kilowatt peak monthly demand, and minimum of 25 employees with no plans to reduce
workforce by 50 percent or more. Must commit to a projected five-year capital investment of 25 percent of an existing facility?s book value, or $2.5 million in a new facility. Requires standard power contract with a remaining term at least as long as the five- or eight-year VII award period.
Created to lower energy costs for companies that contribute to economic growth.