The Illinois Finance Authority administers the Illinois Climate Bank. The Illinois Climate Bank provides bond financing for renewable energy and energy resilience projects through a range of programs including the Grid Resilience Grant, the State Small Business Climate Initiative, and the PACE bond program.
Aimed at assisting Minnesota public entities in boosting energy efficiency and renewable energy deployment, this program provides a wide array of technical, contractual, and financial assistance in pursuing Energy Savings Performance Contracting. ESPCs work with approved Energy Service Companies to use the money saved by
This program is funded by alternative compliance payments related to the state’s Renewable Portfolio Standard. Eligible entities include businesses, non-profits, governments, schools, and agricultural entities who are customers of utilities that are subject to RPS requirements. This incentive can cover up to $10,000 or 25%
This partnership between the Ohio Treasurer of State and local banks provides reduced-rate financing to small business improvement projects for energy efficiency and renewable energy generation. The program offers up to a 3% interest rate reduction on new or existing small business loans of up
All public K-12 schools, special school districts, achievement school districts, and charter schools in Tennessee are eligible to apply for loans to finance qualifying capital outlay energy efficiency projects. Loans can finance construction, repair, or rehabilitation efforts. Low-interest loans up to $5 million are available
The Connecticut Green Bank is the nation’s first green bank. It works with private-sector investors to create low-cost and long-term financing for sustainable projects. More specifically, it looks to support clean energy infrastructure improvements, accelerate the commercialization of clean energy sources, and stimulate demand for
Kentucky allows local governments to establish PACE financing programs in their jurisdictions. They can also finance the program through bond issuance or partnership with a third party. Governments may also hire third parties for program administration purposes. All PACE programs have to review the property’s
The Minnesota Pollution Control Agency offers zero-interest loans to Minnesota small businesses to help comply with or exceed environmental regulations, including those regulating emissions of greenhouse gases and other pollutants. Recipients must employ less than 100 employees and report less than $500,000 in yearly after-tax
New Hampshire PACE financing, like many other states, allows property owners to borrow money for energy improvements and pay back the amount via a special property assessment over a period of years. However, property owners in participating municipalities must borrow from private entities, as municipalities
Ohio allows local governments to create special energy improvement districts in which property owners can access PACE financing for energy efficiency and renewable energy improvement projects. This financing can be used for, biomass, geothermal, gasification, and energy efficiency projects. Loans are paid back by property
