The program offers low-interest loans for state, public school, college, university, and non-profit hospital facilities for retrofit projects that reduce energy consumption, peak energy demand, or utility costs, including through implementation of renewable thermal energy. The borrowed amount is repaid overtime with energy cost savings.
This legislation establishes a Commercial Property Clean Energy and Resiliency (C-PACER) program that local governments in Washington may implement to allow agricultural, commercial, and industrial properties to borrow money to reduce energy use or generate renewable energy. Under the program, debt is taken on by
The Alaska Housing Finance Corporation administers the Energy Efficiency Revolving Loan Fund Program which gives loans to state government entities, municipal governments, the University of Alaska, and schools for qualifying energy efficiency improvements. Savings from the project must exceed loan payments. Loan participants need to
Beginning in October 2014, “Class I renewable energy systems” used for commercial and/or industrial purposes are allowed a property tax exemption. To qualify for this exemption, an assessor or board of assessors must file an application before November 1st in the applicable assessment year. The
Innovation Fund Tax Credits, which will be available until June 30, 2028, are allowed against income, corporate, and franchise taxes. A tax credit shall be allowed against certain taxes for up to 25% of a taxpayer’s cash equity investment in a board certified innovation fund.
Massachusetts has a Renewable Portfolio standard that requires utilities to produce 40% of sales by 2030 from Class I renewable sources, and another 1% annually thereafter. Class I sources include solar thermal electric, landfill gas, low-emission advanced biomass power conversion technologies, biogas, and geothermal energy.
Renaissance zones are designated areas with tax benefits for renewable energy facilities in their boundaries. Eligible entities within a renaissance zone can have their corporate income tax, state education tax, personal and real property taxes, or local income taxes abated. Entities can receive abatements on
Facilities in Mississippi that use biomass for heat and power cogeneration can claim a 5% investment tax credit for five years. To be eligible, facilities must employ 20 or more people and have received $50 million or more of capital investment.
In addition to the Garden State Commercial Property Assessed Clean Energy (C-PACE) Program, municipalities in the top 1/3 in terms of population can establish local C-PACE programs to finance projects fitting certain criteria for energy efficiency and renewable energy. Those within these jurisdictions may apply
The New York Green Bank (NYGB) offers investment opportunities in four areas: Clean Energy Financing Arrangements, Financing Arrangements for High-Performance Affordable Housing, NY Green Bank Eligible Purchaser Pool, and the community Decarbonization Fund – Financing for Disadvantaged Community Lenders. A state-sponsored, specialized financial entity, it
