The Nevada Public Utilities Commission found that it is in the public interest to adopt requirements for the procurement of energy storage by utilities. They set a target wherein 1,000 MW of energy storage (including thermal) must be deployed by 2030.
Nevada created an “Account for Renewable Energy, Energy Efficiency, and Energy Conservation” using funds from the 2009 American Recovery and Reinvestment Act. The funds in this Account are to be used for loans at an interest rate of no more than 3% for the construction
The State of Nevada allows municipalities to create districts to finance certain energy efficiency and/or renewable energy projects. Under NRS 271.6312, it is specified that improvements must be made to industrial or commercial property. Qualified improvement projects can be financed through assessments on the real
The Nevada Clean Energy Fund seeks to increase the pace and amount of financing available for qualified clean energy projects in the state. It is functionally a Green Bank, as it seeks to help deploy renewables such as solar and geothermal using a variety of
The Nevada State Infrastructure Bank is available to provide qualified borrowers with loans and other financial assistance towards the development, construction, and maintenance of various facilities (most relevantly, renewable energy infrastructure). These financing agreements include loan agreements, trust indentures, reimbursement agreements, bonds, and notes. Qualified
The Renewable Energy Tax Abatement came under the jurisdiction of the Governor’s Office of Energy’s jurisdiction in July 2009. It allows for partial sales, use, and property tax abatements for eligible renewable facilities. To qualify, facilities must submit an abatement application to the Office of
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The Renewable Thermal Collaborative (RTC) is the global coalition for companies, institutions, and governments committed to scaling up renewable heating and cooling at their facilities, dramatically cutting carbon emissions.Â
