The Electric Program Investment Charge (EPIC) was established in 2011 and augmented in 2022 with an additional $1 billion in funding to last through July 22, 2030. EPIC invests over $130 million annually. The program expedites the development and demonstration of technologies that increase resilience
Connecticut has implemented Commercial Property Assessed Clean Energy (C-PACE) as a financing program that allows Connecticut building owners to access cleaner, cheaper, and more reliable energy, as well as financing for resiliency and Zero-Emission Vehicle Refueling Infrastructure. This program is only available in participating municipalities.
Iowa businesses can apply to the Low Interest Revolving Loan Fund, administered by the IADG Energy Bank, for financing on renewable energy, energy efficiency, and energy management projects. Loan terms are low-interest and have a term of up to 10 years. Loan sizes range from
Communities in Massachusetts that achieve Green Community status are provided with education, network support, financial incentives, and technical support from the Department of Energy Resources. To achieve Green Community status, localities have to meet several criteria regarding permitting regulations, policies about new construction energy life-cycle
Michigan’s Renewable Energy Standard requires utilities, electric cooperatives, municipal electric utilities and alternative retail suppliers to derive 60% of retail energy sales from renewable sources and 100% of retail electricity sales from clean energy sources by 2040. Eligible technologies include geothermal, solar thermal, biomass; biogas,
Facilities in Mississippi using biomass or solar energy and receiving more than $100 million of capital investment can apply to their County Board of Supervisors to be exempted from up to 50% of their property tax. This exemption opportunity is set to expire on July
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
The Nevada Governor’s Office of Energy offers low-cost loans for entities looking to undertake energy efficiency, renewable energy, or energy conservation projects in the state. Applicants can receive between $100,000 and $1 million. These loans have terms up to 15 years and an interest rate
Oregon offers a tax exemption up to 100% for renewable energy systems including systems using solar, geothermal, landfill gas, and biomethane energy. Any change in real market value resulting from the installation of any of these renewable energy systems is exempt from the property’s assessed
Rhode Island offers sales and use tax exemption up to 100% for geothermal, DC-to-AC inverters interconnected with utility power lines, and solar thermal, including thermal storage systems connected to solar thermal systems and mounting racks and ballast pans for collectors.
