Geothermal

Energy Innovation Grant Program

This program accelerates the adoption of innovative energy technologies and expands access to them by providing reimbursement grants to manufacturers, non-profits, utilities, and local institutions like schools, hospitals, and municipalities. Projects deploying biomass, biogas, solar thermal, renewable electrification, and thermal storage, among other technologies, can

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Renewable Portfolio Standard

Virginia mandates that Phase I and Phase II Utilities generate a certain portion of their annual electricity sales from renewable energy sources. The required percentage increases gradually over time, with the percentage for Phase I Utilities increasing from 6% in 2021 to 100% by 2050

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WSHFC Sustainable Energy Trust

The Washing State Housing Finance Commission’s Sustainable Energy Trust provides loans for energy efficiency and clean energy-related retrofits and new construction. Loan sizes can range from $50,000 to up to $1 million, at interest rates of 2-4%.

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Commercial Property Assessed Clean Energy (PACE)

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

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Commercial Property Assessed Clean Energy Act

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

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Alternative Energy Development Incentive

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,

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Renewable Energy Systems Tax Credit (Commercial)

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

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Clean Energy Development Fund

The Clean Energy Development Fund was established by the Vermont legislature in 2012 to provide funding for renewable energy and energy efficiency measures for a wide range of technologies and entities. It has a special focus on small businesses, farms, and publicly owned and leased

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Small Business Energy Loan Program

The Vermont Economic Development Authority provides loans under this program for renewable energy and energy efficiency projects. Loans can be made at fixed rates on terms of up to 10 years in amounts of up to $500,000, not exceeding 60% of the project costs. Loans

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Commercial Energy Loan Program

Businesses, non-profits, and municipalities increasing the energy efficiency of facilities, including by using renewable thermal technology, can qualify for loans worth up to $2 million at low variable rates, or up to $500,000 at fixed rates. Renewable electricity generation projects can also qualify.

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