The Green Colorado Credit Reserve (GCCR) is a loan loss reserve created by the Colorado Energy Office to incentivize private lenders to make commercial loans up to $100,000 for capital improvements promoting renewable energy. For each loan made by a participating lender, the GCCR provides
Georgia allows local governments to create special improvement districts in which to administer PACE financing. PACE financing allows property owners to borrow money for energy efficiency, renewable energy, water conservation, and water efficiency projects, which is repaid through a special property assessment overtime. This financing
State agencies can apply to the Kentucky Green Bank for revolving loans for energy conservation projects. They offer SELF revolving loans for projects costing between $50,000 and $225,000 that forecast a 20% energy reduction. They offer hybrid revolving loans for projects costing between $50,000 and
Maine’s Renewable Portfolio Standard (RPS), updated by LD1494 in 2019, requires that 80% of electricity sold in the state be supplied by renewable energy sources by 2030. The legislation also established a new renewable thermal portfolio standard to incentivize efficient heating and cooling installations, requiring
Under Mississippi law, businesses that have moved to or expanded in the state, investing more than $50 million and creating at least 250 jobs in the process, and that produce or assemble components of clean energy systems, can apply to the Mississippi Development Authority to
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
The New York Green Bank (NYGB) offers investment opportunities in four areas: Clean Energy Financing Arrangements, Financing Arrangements for High-Performance Affordable Housing, NY Green Bank Eligible Purchaser Pool, and the community Decarbonization Fund – Financing for Disadvantaged Community Lenders. A state-sponsored, specialized financial entity, it
Puerto Rico offers a property tax exemption up to 100% for renewable energy systems and related equipment. Eligible renewable energy systems include solar thermal systems, biomass systems, geothermal systems, and a wide range of other technologies.
Local governments in Virginia are authorized to offer PACE financing for renewable energy, energy efficiency, and water efficiency projects at commercial properties. Property owners and developers receive long-term,100% financing from qualified capital providers,
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 using biomass, biogas, solar thermal, beneficial electrification, and thermal storage, among other technologies, are
