Massachusetts Property Assessed Clean Energy (PACE) funding helps commercial and industrial property owners finance energy improvements with financing terms of up to 20 years. Eligible energy improvements include measures that reduce energy consumption and renewable energy system installation. PACE funding is offered in participating municipalities.
Michigan has a set of energy efficiency goals for state buildings. All new state buildings and facilities as well as major renovations, must be carbon neutral by 2040. Also, all existing state buildings and facilities are required to reduce their energy use by 40% by
Regulated electric utilities across Montana are required to offer customers a green power option from renewable resources. Specific renewable energy types and program administration policies vary by utility.
The Nevada State Infrastructure Bank is available to provide qualified borrowers with loans and other financial assistance towards the development, construction, and maintenance of various facilities including renewable energy infrastructure. These financing agreements include loan agreements, trust indentures, reimbursement agreements, bonds, and notes. Qualified borrowers
Ohio requires all retail electricity providers, except for municipal utilities and electric cooperatives, to source at least 8.5% of energy sales from alternative energy resources by 2026. Renewable energy facilities must have been operational on or after January 1, 1998 to qualify. Facilities can use
Through the Agricultural Energy Program, agricultural entities interested in installing energy efficiency and renewable energy projects can receive grants of up to $20,000. Eligible technologies include biomass, thermal storage, solar thermal, geothermal, and HVAC systems, among others. Renewable energy technologies that are not listed in
Utah’s Renewable Portfolio Goal law requires that investor owned utilities, municipal utilities, and electric cooperatives must derive 20% of adjusted retail electric sales from renewable resources by 2025. However, Utah only requires these utilities to pursue the goal to the extent that it is cost-effective.
Wyoming allows municipalities to create Energy Improvements Areas in which to offer PACE financing. Property owners in these areas can receive loans for energy efficiency or renewable energy projects. Loans are repaid through special property assessment over a period of years.
The Colorado Clean Energy Fund is a specialized, nonprofit intermediary developed as a collaboration between the Colorado Energy Office, the Department of Energy, and the Coalition for Green Capital. The Fund deploys investment capital to connect individuals and organizations undertaking clean energy projects with traditional
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
