Another Local Business Goes Solar and Saves
LightWave Solar, also based in Nashville, is the largest installer of residential and commercial solar PV systems in Tennessee.Â LightWave is one of many statewide vendors providing the energy efficiency improvements to the businesses participating in Pathway Lending’s loan program. “The Energy Efficiency Loan was designed with businesses like Signs Now in mind – those that see an opportunity to reduce their utility expenses and hedge against the potential of rising energy costs,” said Amy Bunton, Pathway Lending Senior Vice President of Energy Efficiency Lending. The Energy Efficiency Loan Program is available to any business seeking to reduce energy consumption in its Tennessee facilities through efficiency-improving projects. The program offers below-market rate loans at five percent with terms extending to 10 years. Loans can finance up to 100 percent of costs on projects including building retrofits, equipment replacements or upgrades, lighting and renewable generation projects.
The Signs Now project was also made possible in part by a solar installation grant from The Tennessee Solar Institute. The Tennessee Solar Institute is part of the Volunteer State Solar Initiative, a comprehensive solar energy and economic development program that was established using $62.5 million in American Recovery and Reinvestment Act of 2009 funding received by the Tennessee Department of Economic and Community Development.