About Us

EESI provides low-interest financing for the design, engineering, and construction of capital improvements that improve energy efficiency. EESI is vendor and equipment-neutral. All projects must be approved by our five-member Technical Advisory Committee (TAC), which includes certified engineers and architects specializing in energy efficiency. The EESI staff oversees the execution of the projects and makes sure that the costs are reasonable, and the work is done correctly. We have the advantage of evaluating vendor's performance at the end of the projects where we see the results of their work. EESI loans are made to the County for the benefit of the School District.

 

CUMULATIVE STATISTICS SINCE INCEPTION (FY2008)

EESI staff reports the following cumulative data from FY2008 through FY2024 (June 30, 2024):

  • Through EESI’s grant and revolving loan programs, $195,405,822 has been awarded to Tennessee’s public K-12
         schools and saved schools more than $134 million of energy costs.
  • Every dollar of the original funding (FY2008) and the state appropriation (FY2019) has gone directly to Tennessee’s
         public school districts. 125 energy grants, 2 emergency grants, 9 school uplift grants, and 111 loans have been
         generated by this EESI’s programs. 
  •  All administrative costs are covered by interest payments. Administrative costs have remained less than 4% of the
         total original allocation of $90 million.
  • Loan funds disbursed during the construction phase of projects accrue interest, which is added to the principal upon
         project completion. The construction period interest increases the total funds available for loans. Since inception,
         $761,264 has been added to the loan pool through FY2024. 
  • As of June 30, 2024, 111 loan originations totaled $170,551,060 and 136 grant awards totaled $27,339,762. 
  • 47 loans have been paid in full, and there have been no defaults to date.

 

OUR MISSION

Improving the classroom learning environment through energy-efficient strategies.

 

OUR STRATAGIES

  • Low interest loans for energy efficient projects.
  • Technical options for Distressed Districts.
  • Energy assessments and feasibility studies.
  • Technical review of existing proposals and designs.
  • Equipment bid specs and commissioning plans.
  • Utility bill tracking and analysis.
  • Strategic energy management planning.

 

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