Arizona’s Renewable Energy Standard and Tariff requires that regulated electric utilities and electric power cooperatives serving retail customers in Arizona generate 15% of their energy from renewable resources, including several renewable thermal technologies, by 2025. This standard was adopted in 2006 and took effect in
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 Renewable Portfolio Standard (RPS) requires large investor-owned electric utilities and alternative retail electric suppliers to source 10% of eligible retail electricity sales from renewable energy by 2015 and 25% by 2025. The standard was enacted in 2007 and updated in 2021 by Senate
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
Through this program, small businesses, institutions, and local governments in Minnesota can receive no-cost recommendations on how to increase energy and water efficiency and cut operating costs. The recommendations come from assessments conducted by retired, experienced professionals funded by the MCPA.
Commercial and industrial properties in Nebraska can receive Property-Assessed Clean Energy (PACE) funding from certain districts for renewable energy installation and energy efficiency projects. This type of financing provides upfront payment repaid with savings from the installations. Contractors installing systems must guarantee that savings will
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
HB 2021 created a $50 million fund at the Oregon Department of Energy to provide grants for the development of community renewable energy projects. Eligible renewable energy systems include those that use biomass, solar, geothermal, or biogas to generate energy, as well as energy storage
Tennessee allows local governments to establish a Commercial Property Assessed Clean Energy and Storm Resiliency (C-PACER) Program, under which they can allow properties in designated districts to access low-cost, long-term financing for qualified projects and repay them through a voluntary special assessment. The property assessed
This legislation establishes a Commercial Property Clean Energy and Resiliency (C-PACER) program that local governments in Washington may implement to allow agricultural, commercial, and industrial properties to borrow money to reduce energy use or generate renewable energy. Under the program, debt is taken on by
