Local governments in Virginia can receive financial support of varying types from the Virginia Resources Authority for renewable energy and some energy efficiency projects. The statute that authorized the program includes an imprecise definition of renewable energy, which means a broad set of renewable thermal
County, city, or town governments in Virginia may set property tax rates for equipment, machinery, and tools used in generating renewable energy at levels lower than the state-wide rates for such property.
This program matches industrial, commercial, non-profit, and local governmental entities with private lenders to provide funding for qualified renewable energy and energy efficiency upgrades, including hot water and steam improvements and alternative fuel infrastructure. To deliver a loan, the program issues a Qualified Energy Conservation
The PACE program offers low-cost, long-term financing for improvements to commercial and industrial properties. The program seeks to bolster energy efficiency, decrease water consumption and energy demand, and finance technologies that generate electricity, provide thermal energy, or regulate temperature. Local governments must opt-in to this
Virginia localities may establish local green banks to promote any clean energy technology. Banks may be set up as public entities, quasi-public entities, depository banks, or nonprofit entities. Localities must offer to include private lenders in green banks.
Utah’s PACE program allows for the creation of certain energy assessment districts that offer up to 100% financing for projects over terms of up to 30 years. Savings generated from new energy investments must outweigh costs and yield a positive cash flow over time, allowing
The Alternative Energy Development Incentive (AEDI) program provides a fixed, post-performance credit worth up to 75% of state tax liability for 20 years. Eligible projects must produce at least 2 MW of electricity or 1000 barrels of oil equivalent from hydroelectric, solar, biomass, geothermal, wind,
This income tax credit may be claimed for both residential and commercial renewable energy systems. This commercial version may be claimed by direct-use geothermal, solar thermal, and biomass projects. Biomass systems must produce either fuel or electricity; biomass heating is ineligible. The credit amount cannot
Vermont law provides for a 100% exemption from the state’s 6% sales tax for systems which produce energy from renewable sources, including biofuels and advanced wood boilers, of capacities up to 500 kW.
The Rhode Island Efficient Buildings Fund (RIEBF) is a revolving loan fund that provides low-interest rate loans to governmental entities for energy efficiency and renewable energy projects. This program is administered jointly by the Rhode Island Infrastructure Bank and the Office of Energy Resources. The
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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.
