Local governments are authorized to issue Industrial Revenue Bonds to finance energy efficiency upgrades and renewable energy projects for industrial and manufacturing development. Local governments are empowered to issue bonds for direct financing or to create loan programs.
In Wisconsin, any value that is added by a biogas, solar energy, or wind energy system to a property is exempt from general property taxes. This property tax exemption must be submitted on forms prescribed by the district in which the property is taxed.
Arizona offers a up to 100% sales tax exemption to solar retailers and contractors who are registered with the Department of Revenue prior to sale or installation of solar devices. Some cities also exempt these entities from city privilege tax on sales or installations of
The Connecticut Green Bank is the nation’s first green bank. It works with private-sector investors to create low-cost and long-term financing for sustainable projects. More specifically, it looks to support clean energy infrastructure improvements, accelerate the commercialization of clean energy sources, and stimulate demand for
This policy directs state agencies to install solar water heating systems in buildings and facilities where it is cost-effective based on the life cycle costs compared to conventional water heating systems. If solar thermal systems are not found to be cost-effective, then additional analysis will
The Indiana Department of Local Government Finance administers a property tax deduction that includes geothermal, solar, wind, and hydroelectric. Thermal heating and cooling systems using solar or geothermal energy also qualify. Applications must be completed by December 31 annually. Taxpayers do not need to reapply
The Maryland Energy Administration offers a non-competitive grant program to consider proposals that fall outside the range of its other energy programs. Eligible applicants include businesses, nonprofits, local governments, state governments, and educational institutions. The program budget varies annually. Awards are typically up to $250,000,
Michigan’s Renewable Energy Standard requires utilities, electric cooperatives, municipal electric utilities and alternative retail suppliers to derive 60% of retail energy sales from renewable sources and 100% of retail electricity sales from clean energy sources by 2040. Eligible technologies include geothermal, solar thermal, biomass; biogas,
The Missouri Department of Natural Resources provides loans to public schools, public and private non-profit hospitals, and local governments for energy efficiency and renewable energy projects. Loans are given at a 2.5% interest rate and a 10 year maximum loan term. This is a reimbursement
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
