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.
Offers below-market-rate financing for capital-intensive industrial and nonprofit construction and renovation projects
The maximum loan amount varies according to the type of project. In most instances, TVA funds should be used for the acquisition of fixed assets. Loans are typically below market rate, with specific rates to be determined on a case-by-case basis after consideration of the loan evaluation criteria. Program guidelines require that each TVA loan dollar leverage additional funding from other sources. The loan funds are primarily available to manufacturing companies and local nonprofit economic development entities. Loans can be used to fund the construction of new manufacturing facilities, expansion of existing facilities, and development of publicly owned industrial sites or buildings.
Established to stimulate economic development and leverage capital investment in the TVA power service 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 TVA’s 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.
Provides economically distressed counties with loans for industrial expansion, relocation, retention, and infrastructure development
Only counties with the lowest per capita personal income, the highest percentage of residents below the poverty level, and the highest annual average unemployment rates are eligible for this program. SOC loans are made for buildings, plant equipment, infrastructure, or real estate based on the capital investment leveraged and the number of jobs created by a venture. SOC loans can also be made to local economic development entities for capacity-building projects such as sites or buildings. View a map of the Special Opportunities Counties, here (http://www.tvaed.com/pdf/soc_counties.pdf).
Created to spur growth in economically distressed counties.
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.