In Rhode Island, all public building construction (including schools) and public building renovation projects involving 40% or more of the building must achieve certain energy efficiency and green building standards. This requirement applies to structures of 10,000 sq. ft. or more.
Vermont’s Renewable Energy Standard requires all retail electricity suppliers to source a certain percentage of their annual electricity sales from renewable resources. The requirement has been increasing 4% annually since the initial 2017 benchmark, which was 55%. The RPS will ultimately require 75% of electricity
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
The Massachusetts Renewable Energy Trust Fund is aimed at promoting the increased availability, use, and affordability of renewable energy by funding research, design, and evaluation of pilots to promote energy innovation. Technologies that are eligible for funds include solar thermal, geothermal heating and cooling projects,
The Michigan Property Assessed Clean Energy (PACE) funding provides property owners with the opportunity to finance energy efficiency, water conservation, and renewable energy projects with no upfront costs. Eligible improvements must decrease energy or water use or generate electricity on-site. PACE funding is available in
Missouri Property Assessed Clean Energy Program (PACE) financing helps property owners in the state make investments in energy efficiency and renewable energy of all kinds. To repay the loan, property owners make fixed-rate payments as part of their annual property tax bill on terms up
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
In Oregon, rural communities can set up Rural Renewable Energy Development Zones. Within these zones, commercial renewable energy properties that generate electricity or produce, distribute or store biofuels are eligible for a 3 to 5 year local property tax exemption under certain circumstances relating to
