PACE financing programs use authority given to a municipality to offer financing for property owners to fund energy efficiency and renewable energy projects on existing commercial structures. The property owner voluntary agrees to repay the financing through a special assessment. PACE provides financing for these
The Energy Efficiency Revolving Loan Fund is geared primarily towards energy efficiency projects in businesses and industry, but can also be available to nonprofits, utilities, and government entities under certain circumstances. Loans are typically between $50,000 and $1,000,000 with a maximum loan period of 10
Wyoming allows municipalities to create Energy Improvements Areas in which to offer PACE financing. Property owners in these areas can receive loans for energy efficiency or renewable energy projects. Loans are repaid through special property assessment over a period of years.
The Green Colorado Credit Reserve (GCCR) is a loan loss reserve created by the Colorado Energy Office to incentivize private lenders to make commercial loans up to $100,000 for capital improvements promoting renewable energy. For each loan made by a participating lender, the GCCR provides
The Illinois Clean Energy Innovation Fund is a revolving investment fund seeded by a grant from the state of Illinois and the U.S. Department of Energy. It is now managed by Evergreen Climate Innovations, a non-profit investment fund. This fund makes direct investments in high-potential,
MCPA partners with private financial institutions to provide low-interest or no interest financing to businesses and political subdivisions of the state to fund the capital costs of environmental projects, including those reducing pollution. While many businesses and projects are eligible for loans, the MPCA prioritizes
The Nebraska Department of Environment and Energy offers businesses low-interest financing for renewable energy and energy efficiency projects for buildings. Equipment replacement undertakings can receive loans up to 5 years, electrification projects can receive loans on terms of up to 10 years, and solar thermal
The Ohio Energy Loan Fund (ELF) helps eligible applicants receive low-interest financing to install energy efficiency measures that reduce energy use by at least 15%. Low-interest loans are available and range from $250,000 to $2.5 million. Loan terms are a maximum of 15 years. Eligible
Tennessee allows local governments to establish a Commercial Property Assessed Clean Energy and Storm Resiliency (C-PACER) Program, under which they can allow properties in designated districts to access low-cost, long-term financing for qualified projects and repay them through a voluntary special assessment. The property assessed
The Colorado Commercial Property Assessed Clean Energy (C-PACE) program allows owners of eligible commercial and industrial buildings to finance up to 100% of their renewable energy improvements. Eligible improvements include fuel cells, geothermal systems, solar thermal systems, and waste heat recovery, among others. Eligible properties
