PACE financing programs use authority given to a municipality to offer financing for property owners to fund energy efficiency and renewable energy projects on existing commercial structures. The property owner voluntary agrees to repay the financing through a special assessment. PACE provides financing for these
Pennsylvania’s Commercial Property Assessed Clean Energy Program (C-PACE) launched in 2018 and supports business property owners in getting low-interest, long-term loans for clean energy projects, repaid through a property tax. Commercial, industrial, and agricultural properties can qualify for C-PACE financing. Pennsylvania’s C-PACE emphasizes smart buildings,
Utah’s PACE program offers financing up to $90,000 for projects over terms of up to 30 years for renewable energy and energy efficiency projects. Savings generated from new energy investments must outweigh costs and yield a positive cash flow over time, allowing for repayment. To
To advance new and emerging clean energy technologies, the Washington State Department of Commerce offers matching funds for federal and private grants used towards research, development, and demonstration. Grants are awarded through a competitive application process. Grant sizes range from case to case.
Arizona does not tax energy efficiency building components, renewable energy equipment, and combined heat and power systems as property. Arizona Revised Statute 42-11054, which details this exemption, specifies that renewable energy equipment includes equipment used to produce energy primarily for on-site consumption from renewable resources,
The Connecticut Renewable Portfolio Standard (RPS) is a state policy that requires electric providers to offset a specified percentage or amount of the energy they generate or sell by purchasing renewable energy credits (RECs) from renewable sources. This policy creates a financial incentive for development
Iowa offers an exemption from the replacement generation tax for certain entities. Included in the exemption is all energy generated by methane gas conversion property if used connection or conjunction with a publicly-owned sanitary landfill or used to collect waste that would otherwise be collected
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,
Agricultural entities can claim a tax exemption up to 100% from real and personal property taxes for biomass gasification and methane digester property. Equipment must be certified by the Michigan Department of Agriculture. The facility must also allow at least two universities to collect data
Montana law exempts capital investments in non-residential buildings that generate energy from non-fossil sources from property tax. Exemptions cannot exceed $100,000 and are exempt for ten years after installation. To claim the exemption, use Montana Department of Revenue Form AB-14.
