Thermal Storage

Energy Project and Equipment Financing

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

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Commercial Solar Property Tax Exemption

Commercial, industrial, institutional, agricultural, or public property used in Virginia as part of a solar thermal system, including thermal energy storage, may be partially or wholly exempt from property tax. Property associated with systems producing 5 MW or less is wholly exempt, as are systems

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VirginiaSAVES Green Community Loan Program

This program matches industrial, commercial, non-profit, and local governmental entities with private lenders to provide funding for qualified renewable energy and energy efficiency upgrades, including hot water and steam improvements and alternative fuel infrastructure. To deliver a loan, the program issues a Qualified Energy Conservation

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Mini-Grants for Clean Energy Projects

The South Carolina Office of Regulatory Staff Energy Office received funding from the U.S. Department of Energy to support “high-impact demonstration projects,” including renewable energy projects. The Energy Office uses these funds to disburse mini-grants capped at $10,000. Eligible applicants include state agencies, local governments,

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Local Option – Tennessee C-PACER program

The State of Tennessee allows local governments to establish a Commercial Property Assessed Clean Energy and Resiliency (C-PACER) Program, under which a local government can allow a commercial property in a designated C-PACER district to use a voluntary special assessment to repay the financing of

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Solar and Wind Energy Business Franchise Tax Exemption

This program provides an exemption from Texas’ franchise tax, which is equivalent to a corporate tax. Section 171.107 of the tax code, which contains more information, specifies solar energy devices with thermal applications as well as for storage are eligible. There is no ceiling on

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New Technology Implementation Grant Program

This grant program, administered by the State Commission on Environmental Quality, seeks to support the deployment of new technologies that reduce emissions from facilities and other stationary sources in Texas. Projects allowed under the grant include advanced clean energy projects, projects reducing emissions of regulated

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LoanSTAR Revolving Loan Program

The program offers low-interest loans to help repay costs over time associated with utility cost reduction measures (UCRMs) such as rooftop solar water, geothermal equipment, and thermal storage. This program resembles energy savings performance contracts but may be used by “facilities supported by the state”

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Innovative Energy Demonstration Program

This program, administered by the State Energy Conservation Office, seeks to distribute grant money for the demonstration of sustainable and innovative utilization of energy resources, including clean coal, gasification projects for coal and biomass mixtures, wind, solar photovoltaic, and other solar applications. Grants may also

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C-PACE

The Rhode Island Infrastructure Bank administers the Rhode Island Commercial Property Assessed Clean Energy (C-PACE) program, which provides long-term, fixed-rate financing for building upgrades in commercial and industrial properties. Eligible projects include energy efficiency improvements, renewable energy, and alternative fuel infrastructure.

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