Off-Bill Financing Rate Changes
Vanderbilt Mortgage and Finance, Inc. will be reducing interest rates for off-bill loans made in conjunction with the Residential Services program on July 1, 2023.
In addition, windows will no longer be eligible for off-bill financing effective July 1, 2023.
Interest rates and loan limits are based on consumer credit score and are effective through September 30, 2023. A minimum loan of $2,500 is required ($3,001 in the state of GA) to participate.
Residential Hub Portal Enhancements
The Residential Hub is undergoing portal enhancements in Q3. During this quarter, you may notice the following:
- Dashboard updates will allow the system to load quicker and include a refreshed look and feel
- Additional photo functionality
A Home Uplift application web form option
- Home Uplift daily recap emails with updates on jobs in the system
New Homes Program Paused Until FY24
Effective July 1, 2023, and continuing for the remainder of this fiscal year, the current New Homes program will be paused, with no new incentive requests accepted after 11:59 PM on June 30, 2023.
The current New Homes electrification incentives will be replaced with New Homes energy efficiency incentives to be launched in FY24. New incentive requests submitted on or after October 1, 2023, will be accepted under the new program guidelines.
Help Us Recruit New QCN Members
As the EnergyRight Residential team looks to ramp up our efforts in FY24, we are working hard to attract new Quality Contractor Network (QCN) members to join. Check out our latest recruitment video showcasing membership benefits firsthand through QCN testimonials. We’d love it if you would share the video and a link to our QCN recruitment page with promising residential contractors in your area.
Help us serve your community better through trained, vetted contractors that residents can count on to do the job right and increased business for local contractors.
Congrats to Pulaski Electric Service on their 10th Home Uplift!
On April 30th, we celebrated PES Energize’s 10th Home Uplift at the Pulaski Recreation Center. The event was enjoyed by the community with food and fun activities. Together, we are making a positive impact on the lives of people in the Tennessee Valley.
EnergyRight for Business & Industry
“Community Centered Growth” Is Now “Small Business Uplift”
Our Community Centered Growth pilot is getting an upgrade! Now known as Small Business Uplift, this initiative will continue to provide energy-efficient upgrades to businesses in underserved communities. We have changed the name to Small Business Uplift to align with our other energy equity programs (Home Uplift and School Uplift) and to create deeper brand recognition for our partners and customers.
TVA will continue to offer this program on a rotating basis to small businesses in designated Disadvantaged Community or Opportunity Zones pending funding availability. Interested LPCs can reach out to their Energy Services Consultant to be added to the interest list.
Free Compressed Air Training Available July 18-19
Compressed Air Training will be offered to industrial customers on July 18 and 19. Compressed air systems are energy-intensive and costly, but with the right energy management practices, industries can lower costs by 15-25%.
This virtual training is designed to provide industrial customers with the guidance to do just that.
Help your industrial customers realize these potential savings by encouraging them to sign up using the link below.
School Uplift Grant Award Celebrations for Cohort 3!
We had so much fun celebrating some of our amazing School Uplift Cohort 3 grant award-winning schools in May. Check out the photos below from Franklin Academy, served by Columbus Light & Water, Madisonville Intermediate School, served by Fort Loudon Electric Cooperative, Naomi Elementary, served by North Georgia EMC, and Fulton County High School, served by Hickman Electric System.
Check out our announcement video featuring all of our FY22-23 winners here.
Fast Charge Network locations coming online across the Valley
TVA's Fast Charge Network recently welcomed Appalachian Electric Cooperative, CDE Lightband, Lawrenceburg Utility Systems and Bristol Tennessee Essential Services into the family, joining Fort Payne Improvement Authority, Warren RECC, Weakley County MES, and Cullman Electric Cooperative. That brings a total of eight commercially operational sites to the network.
CDE Lightband plugged into the Fast Charge Network on May 11th as the first location with four chargers located off I-24 in Clarksville. The ribbon-cutting was followed by an EV Ride and Drive event co-sponsored with Drive Electric TN which had a great turnout despite rain.
Bristol Tennessee Essential Services launched their four-charger location with a ribbon-cutting event on June 15th.
Additional Fast Charge Network sites are expected this summer including the first operational site in Mississippi with Pontotoc Electric Power Association and a site in Hohenwald, TN, with Meriwether Lewis Electric Cooperative.
Several LPCs are nearing the finish line with their projects, so stay tuned for more announcements soon!
Driving EVolution Blog Launching this Summer
The EnergyRight EV Team is continuing its consumer awareness efforts with a Valleywide education campaign focused on an EV-focused blog series launching this summer. This marketing strategy positions TVA and local power companies as trusted sources of unbiased EV information so Valley drivers can make informed decisions about how electric transportation fits into their lives. The blog will feature valuable content that answers pressing consumer questions with statistics and information from credible sources while providing useful resources and guest blogs from EV thought leaders.
Blog promotion details will be provided to LPCs prior to launch.
With summer heat comes Demand Response events. We want to thank you for your continued partnership with TVA's Demand Response team and for ensuring strong performance from your participants each season. Demand Response enables participants to save on their power costs, keeps money in the Valley and provides system capacity. For more resources, please visit Valley Connect.
Let's Beat the Peaks With More Demand Response
To keep up with forecasted system growth, TVA plans to grow its Demand Response programs for the upcoming summer and winter seasons. Ideal Interruptible Power participants can provide multiple MW per event.
If you have large customers that you think would be interested, please contact Julie Maupin (firstname.lastname@example.org) with their contact information.
Coming Soon! TVA's Energy Efficiency and Demand-Management Summer Roadshow
Be on the lookout for the upcoming roadshow, where we’ll make pitstops in each district to discuss TVA’s updated energy efficiency and demand-management strategy and how local power companies can get involved.
We are excited to share our plans and discuss how we can partner to grow our energy efficiency, demand response and clean energy impacts over the next decade. Registration information will be shared in Customer Connections soon!
Not Sure What All TVA EnergyRight Offers? We Can Help!
We are excited to present new tools to help local power companies understand the breadth and depth of services and programs available to your community through TVA's Energy Services & Programs. With our program matrix and one-page program overviews, you can see all programs offered by TVA to serve end-use consumer energy efficiency, demand response, and electric vehicle needs. Each document outlines how the programs work and the benefits to LPCs, consumers and communities.
We will be sharing bound, printed copies of these items at the upcoming Energy Efficiency & Demand-Management Summer Roadshow taking place in each district.
What's New on the Marketing Hub
Promote valuable TVA EnergyRight programs to your community with co-brandable marketing assets, available on the TVA EnergyRight Marketing Hub. Check out a few of our latest additions below.
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