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 tax credit may be claimed by taxpayers owning a hydrogen production system. The hydrogen must be produced using either a renewable energy source (green hydrogen) or renewable natural gas. Credits of $0.12 per kg of hydrogen produced may be claimed in a tax year,
Vermont law provides for a 100% exemption from the state’s 6% sales tax for systems which produce energy from renewable sources, including biofuels and advanced wood boilers, of capacities up to 500 kW.
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
The state of Tennessee authorizes public utilities to request mechanisms to recover the costs related to the development of infrastructure for “innovative natural gas resources,” including biogas, renewable natural gas, biomass, and green hydrogen. This is not an incentive but allows for the recovery of
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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.
