Programs & Services
At BVU Authority, we offer a variety of programs and services designed to support your business growth, reduce energy costs, and promote sustainability. Whether you’re looking to reduce your environmental footprint or take advantage of economic development incentives, we have solutions tailored to meet your business needs.
Green Switch – Power Your Business with Renewable Energy
For as little as 5% of your monthly electric bill, your business can support the use of renewable energy sources like wind, solar, and methane gas – all located nearby in the Tennessee Valley.
By participating in the Green Switch program, your business will contribute to cleaner energy and environmental sustainability, making a positive impact on the local community. For every 300 kilowatt-hours of Green Power your business purchases, you are making an environmental difference equivalent to:
- Recycling 240 pounds of aluminum cans
- Recycling 800 pounds of newspaper
- Planting an entire acre of trees in Southwest Virginia
Valley Investment Credit Program – Encouraging Business Growth
BVU Authority partners with TVA to offer the Valley Investment Credit Program, an initiative designed to help businesses in our service area expand and boost economic development. If your business relies on electric power as a major component of operations, you may be eligible for monthly electric bill credits.
Eligible businesses include:
- Projects with a projected 1,001 kW monthly peak demand
- Businesses with a minimum of 25 employees or an additional 5 million kWh of annual energy usage
- Existing industries investing 50% of the plant's book value or $100 million over five years
- New businesses investing at least $2.5 million over five years
Businesses can receive monthly electric bill credits for up to 5 years. This program is designed to support growth and help make significant investments in the region.
Manufacturing Credit – Power Savings for Manufacturers
BVU is committed to supporting the manufacturing sector by offering significant power cost savings to qualifying businesses. This credit helps manufacturers reduce operating costs and retain jobs within our service area.
To qualify for the Manufacturing Credit, your business must meet the following criteria:
- A contract demand greater than 1,000 kW but not more than 5,000 kW
- A manufacturing business classified under SIC codes 20 through 39
- A credit applied each month when the metered demand exceeds 1,000 kW, applied to both kW of metered demand and kWh of firm energy
The credit directly contributes to reducing your energy costs, providing a competitive advantage for businesses in the manufacturing sector.
Economic Development Loan Fund – Fueling Regional Growth
The Economic Development Loan Fund from TVA is a revolving loan program designed to stimulate capital investment and job creation in Southwest Virginia. This program provides loans for fixed assets such as plant expansion and equipment purchases, offering up to $2 million in financing, depending on job creation and capital investment.
If your business is planning to grow or expand, this loan fund can provide the financial support needed to achieve those goals. This initiative plays a key role in enhancing the regional economy by supporting business investments that lead to job creation.
Have Questions About Our Programs?
BVU Authority is here to support your business's success with tailored programs that offer cost savings, sustainability options, and financial incentives. Whether you’re looking to grow, reduce energy costs, or invest in renewable energy, we have programs that fit your needs.
If you need more information or want to explore how these programs can benefit your business, please don’t hesitate to contact us.
