Account for Renewable Energy, Energy Efficiency, and Energy Conservation

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 of various energy-related projects. Of particular interest is that the loans can go towards “renewable energy systems.” This includes all solar thermal systems and all renewable energy technologies generating electricity. A 2019 amendment now allows loans to be “for any other purpose for which the United States Department of Energy has approved.”