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Energy

Affordable Homes Waiver of Connect Fees Incentive   

Connect fees may be waived or refunded to the home builder
The Builder must submit proof of the home’s 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 MLGW’s 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 units.




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 MLGW’s 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 MLGW’s installed capacity in the downtown area.




Provides below market rate loans to help implement projects that reduce energy use, improve cash flow and provide a new opportunity for growth
Financing is available for up to 100 percent of the costs for installing energy efficient technology, energy retrofits and renewable energy systems that will help them reduce energy consumption. Loans are offered up to 5 million dollars. Eligible projects include: Lighting, HVAC, Building Retrofits, Industrial Systems, Co-Generation, and Renewable Energy/Solar Projects.

Created to help businesses and industries become more energy efficient, so that they may increase their competitiveness and strengthen Tennessee’s economy.



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 Program    
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.



Sales and Use Tax Credit for Emerging Industries   
A credit equal to 6.5% of the 7% state sales and use taxes available to emerging industries
Tennessee law makes a sales and use tax credit available to taxpayers that establish a qualified facility to support an emerging industry in Tennessee with a minimum capital investment of $100 million and the creation of at least 50 new full-time jobs paying 150% of Tennessee's average occupational wage. The credit is equal to 6.5% of the 7% state sales and use tax paid to Tennessee on the sale or use of qualified tangible personal property.

Created to promote the development of emerging, high-tech, and clean energy industries in Tennessee.




Solar Energy Systems Tax Credit    
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.