MCPA partners with private financial institutions to provide low-interest or no interest financing to businesses and political subdivisions of the state to fund the capital costs of environmental projects, including those reducing pollution. While many businesses and projects are eligible for loans, the MPCA prioritizes
Generation plants that produce at least 1 MW of energy using an alternative renewable energy source can receive industry property tax reductions. In the first 5 years of construction from the permit issue date, qualifying improvements or modernizations that contribute to new industry or expansion
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
New York offers a property tax exemption for energy conservation improvements including solar thermal, biomethane, and thermal storage systems. Tax exemptions last for a period of 15 years. To qualify, systems must be constructed before January 1, 2030. Any qualifying system owned or controlled by
The Puerto Rico Green Energy Trust, created by the Puerto Rican Government, provides funding for research, development, and infrastructure projects related to renewable and clean energy. A wide range of renewable energy projects are eligible to receive support.
Virginia localities may establish local green banks to promote any clean energy technology. Banks may be set up as public entities, quasi-public entities, depository banks, or nonprofit entities. Localities must offer to include private lenders in green banks.
PACE Wisconsin allows municipalities to work with private sector lenders to provide up to 100% of the up-front cost to property owners for qualified energy efficiency and renewable energy measures. Loans are repaid through a property tax assessment using resulting energy savings over a period
The Electric Program Investment Charge (EPIC) was established in 2011 and augmented in 2022 with an additional $1 billion in funding to last through July 22, 2030. EPIC invests over $130 million annually. The program expedites the development and demonstration of technologies that increase resilience
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
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
