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
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
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
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
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
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.
Vermont requires all retail electricity suppliers to source a certain percentage of their annual electricity sales from renewables. The percentage depends on the year: in 2017, they required 55% to come from renewable sources, and that percentage increases by 4% every year through 2032.
Local governments in Virginia are authorized to offer PACE financing support to renewable energy, energy efficiency, and water efficiency projects. Local governments have discretion over funding sources, qualifying projects, loan term lengths, loan amounts, and interest rates.
Local governments in Virginia can receive financial support of varying types from the Virginia Resources Authority for renewable energy and some energy efficiency projects. The statute that authorized the program includes an imprecise definition of renewable energy, which means a broad set of renewable thermal
This program matches industrial, commercial, non-profit, and local governmental entities with private lenders to provide funding for qualified renewable energy and energy efficiency upgrades, including hot water and steam improvements and alternative fuel infrastructure. To deliver a loan, the program issues a Qualified Energy Conservation
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The Renewable Thermal Collaborative (RTC) is the global coalition for companies, institutions, and governments committed to scaling up renewable heating and cooling at their facilities, dramatically cutting carbon emissions.
