Kentucky allows local governments to establish PACE financing programs in their jurisdictions. They can also finance the program through bond issuance or partnership with a third party. Governments may also hire third parties for program administration purposes. All PACE programs have to review the property’s
Efficiency Maine offers funding for manufacturer efficiency projects that reduce the use of natural gas, oil, biomass, and other fuels and with an additional 10% cost share bonus incentive for beneficial electrification and heat recovery projects. Eligible manufacturing facilities include those meeting the North American
The Montana Energy Office operates a revolving fund to provide low-interest loans to local governments, non-profits, and businesses under 100 employees for renewable energy and efficiency projects. The program offers loans up to $40,000 with no down payment at an interest rate of 3.5% on
New Mexico offers alternative energy product manufacturers a tax credit for up to 5% of qualified expenditures for manufacturing equipment used in a manufacturing operation that produces alternative energy products. To be eligible, manufacturers must employ one full-time employee for every $500,000 of expenditures for
This sales and use tax exemption applies to qualifying energy conversion facilities used in the commercial and industrial sectors and covers up to 100% of the taxpayer’s sales and use tax liability. This 100% tax exemption applies to waste-to-energy, including garbage to energy conversion, and
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.
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, by financing technologies that generate electricity, provide thermal energy, or regulate temperature. Local governments must opt-in to this
The Washington Cap-and-Invest Program sets a cap on overall carbon emissions in the state and requires businesses to obtain allowances equal to their greenhouse gas emissions through quarterly auctions. Over time, the cap will be reduced in line with the state’s emissions reduction commitments. It
This is one of two programs under the California Energy Conservation Assistance Act. Under this Act, the California Energy Commission provides cities, counties, special districts, public universities, public hospitals, and California Native American Tribes with 1%-interest loans capped at $3 million to finance energy efficiency
This sales and use tax exemption applies to solar energy systems and components, as well as equipment used to produce, store, transport, compress, or blend green hydrogen, which can be created using biomass, geothermal, or other renewable energy sources.
