Maryland allows local governments to establish PACE programs, where property owners can borrow money to pay for energy improvements and pay it back through a special property assessment over time. Maryland also developed a statewide PACE program. PACE programs can finance a broad range of
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.
Commercial properties and large residential developments in participating municipalities can apply for financing that covers 100% of the upfront costs for renewable energy and energy efficiency projects. Eligible properties include commercial, industrial, non-profit, mixed-use, agricultural, and multi-family units. Projects greater than $100,000 may be eligible
The Commercial Property Assessed Clean Energy (C-PACE) Program is a financing structure that provides eligible property owners with access to long-term fixed-rate financing for a range of energy efficiency, renewable energy, water efficiency, and resiliency improvements. The program allows local governments to secure the financing
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
Pennsylvania’s Commercial Property Assessed Clean Energy Program (C-PACE) launched in 2018 and supports business property owners in getting low-interest, long-term loans for clean energy projects, repaid through a property tax. Commercial, industrial, and agricultural properties can qualify for C-PACE financing. Pennsylvania’s C-PACE emphasizes smart buildings,
All public K-12 schools, special school districts, achievement school districts, and charter schools in Tennessee are eligible to apply for loans to finance qualifying capital outlay energy efficiency projects. Loans can finance construction, repair, or rehabilitation efforts. Low-interest loans up to $5 million are available
To advance new and emerging clean energy technologies, the Washington State Department of Commerce offers matching funds for federal and private grants used towards research, development, and demonstration. Grants are awarded through a competitive application process. Grant sizes range from case to case.
Section 41-1514.02 of the Arizona Revised Statutes sets up an environmental technology assistance program under the state Arizona Commerce Authority to support the production of renewable energy products and expansion efforts. Environmental technology manufacturers, producers or processors that make capital investments in qualified facilities in
The DC Green Bank is a quasi-government institution helping to use innovative financing mechanisms to lower barriers to renewable energy deployment. It offers several products for residential, commercial, and industrial customers, including the Commercial Loan for Energy Efficiency and Renewables (CLEER) and the Community Impact
