The Clean Energy Fund, administered by the Community Development Finance Authority, provides loans for renewable energy, energy efficiency, and clean technology projects. Eligible applicants include businesses, non-profits, and municipalities. To receive financing, projects must result in at least a 15% increase in energy savings. Loans
Nebraska PACE offers financing for energy improvement projects to property owners. The amount is repaid through a special assessment on the property over a period of years. Local governments can authorize special financing districts for energy efficiency and renewable energy projects. This program is only
When building projects with a total contract price of over $5 million, agencies must consider green energy technologies in design and construction. Agencies are required to spend at least 1.5% of project costs on these technologies. Eligible green energy technologies include solar, geothermal, biomass, and
Rhode Island allows municipalities the option to offer property tax exemptions for qualifying solar thermal, geothermal, biogas, and biomass systems.
Local governments are authorized to issue Industrial Revenue Bonds to finance energy efficiency upgrades and renewable energy projects for industrial and manufacturing development. Local governments are empowered to issue bonds for direct financing or to create loan programs.
The California PACE Program allows local governments to establish property assessed clean energy districts. In these districts, property owners can borrow money to finance energy improvements and pay the borrowed money back, typically with property taxes, with a special property assessment. The California Alternative Energy
Property Assessed Clean Energy (PACE) enables property owners to finance improvements to their property. DC PACE allows property owners to access financing for qualifying energy efficiency and clean energy improvements on their buildings and repay the investment through a special tax assessment. This arrangement spreads
The Illinois Commercial Property Assessed Clean Energy (C-PACE) program allows owners of eligible commercial, nonprofit, non-residential agricultural, or industrial buildings to finance up to 100% of their renewable energy and other sustainability improvements. The program is available in participating municipalities who opt to enter into
The Maryland Clean Energy Capital Financing Program provides projects with access to lower-cost capital and an advantageous finance structure for projects that include renewable energy production and energy efficiency measures. Eligible participants include governments, institutions, nonprofit organizations, and business entities. For purposes of this program,
Michigan offers a tax exemption up to 100% for commercial alternative energy systems, personal property of an alternative energy technology firm, or personal property used by a business for the purpose of alternative energy research, development, or manufacturing.
