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Energy Programs

The Business Lending & Services Department is offering a new and exciting possibility for your business to improve your operation by saving energy related expenses. Our "Renewable Energy and Energy Efficiency Improvement Program" is designed to show your business where it has potential to save energy (gas / propane / electricity) and therefore lowering your expenses.

In a time where energy costs are always rising and by doing so threatening more and more businesses in its pure existence, it is becoming more and more important to address the only way to counter that threat … reducing your own energy consumption.

Or maybe it is just for environmental reason that you decide to make improvements to your operation, hoping to reduce your energy use and CO2 emissions in order to fight global warming.

But whether it is for financial reasons or for environmental motivations, we can help you to assess your business in regards to its energy consumption and can show you ways to lower your energy usage. We can give you access to existing federal, state, and local programs that can help you to lower your costs for energy efficiency improvements or investments in renewable energies.

Example:
Would you as a business person like to run machinery that wastes 95% of the input and only creates around 5% of usable output? Because that is exactly what happens when you use ordinary incandescents
light bulbs; 95% heat and just 5% light.

Not very efficient. And for someone who is running a business, efficiency is one of the most important criteria for success.

Changing your light bulbs to more efficient compact fluorescent light bulbs or cold cathode light bulbs is the easiest and fastest energy efficiency improvement one can do.

And the one with the fastest payoff … just around half a year (depending on the average time your light bulbs are used). And that is just the beginning of what you can do to improve your energy consumption.

How do I save money, when a CFL costs six times as much as an old-fashioned bulb?
Each cone-shaped spiral CFL costs about $3, compared with 50 cents for a standard bulb. But a CFL uses about 75 percent less energy and lasts five years instead of a few months. A household that invested $90 in changing 30 fixtures to CFLs would save $440 to $1,500 over the five-year life of the bulbs, depending on your cost of electricity. Look at your utility bill and imagine a 12 percent discount to estimate the savings.

... see the full article: The End of the Light Bulb as We Know It

Our services:
We offer FREE Energy Orientation Workshops, every Wednesday at 11:00 AM at the PADD Office, to aid business owners in renewable energies and energy efficiency improvements, informing them about available local, state and federal programs, and providing contacts with specialized and experienced resource partners.

During the workshops, we will give information about the kind of improvements you could do to your business, help you to make a self assessment of your operation in order to evaluate where to make improvements and we can help you to obtain at least partial financing of your project.

The workshop requires prior registration:

  • Download the "Counseling Information Form", and then mail it to PADD, P.O. Box 588, Mayfield, KY 42066 or email it to BizLoans@PurchaseADD.org. Upon our receipt of the form, we will contact you on the availability of an appointment for the next workshop.
  • Call 270/251-6117 and make an appointment in person. You will be required to fill out the "Counseling Information Form" at latest at the beginning of the workshop you signed up for.
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Page last updated on Jun 20, 2008 at 8:21 AM.