The Commercial Property Assessed Clean Energy (C-PACE) Program is a financing structure that provides eligible property owners with access to long-term fixed-rate financing for a range of energy efficiency, renewable energy, water efficiency, and resiliency improvements. The program allows local governments to secure the financing
Municipalities are allowed to exempt green buildings from property taxes. Properties must have commenced construction after January 1, 2013, have a value more than $10,000, and must meet certification standards for LEED, Green Globes, or an equivalent green building certification program. The exemption amount is
Puerto Rico offers a property tax exemption up to 100% for renewable energy systems and related equipment. Eligible renewable energy systems include solar thermal systems, biomass systems, geothermal systems, and a wide range of other technologies.
Local governments in Virginia are authorized to offer PACE financing for renewable energy, energy efficiency, and water efficiency projects at commercial properties. Property owners and developers receive long-term,100% financing from qualified capital providers,
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
Section 41-1514.02 of the Arizona Revised Statutes sets up an environmental technology assistance program under the state Arizona Commerce Authority to support the production of renewable energy products and expansion efforts. Environmental technology manufacturers, producers or processors that make capital investments in qualified facilities in
Connecticut has implemented Commercial Property Assessed Clean Energy (C-PACE) as a financing program that allows Connecticut building owners to access cleaner, cheaper, and more reliable energy, as well as financing for resiliency and Zero-Emission Vehicle Refueling Infrastructure. This program is only available in participating municipalities.
Utilities, independent renewable energy producers, and utility developers of renewable energy projects can apply to the Idaho Energy Resources Authority’s Clean Energy Project Bond Program for financing for a broad range of clean energy projects.
The Maryland Clean Energy Capital Financing Program provides projects with access to lower-cost capital and an advantageous finance structure for projects that include renewable energy production and energy efficiency measures. Eligible participants include governments, institutions, nonprofit organizations, and business entities. For purposes of this program,
This incentive program reimburses facilities in Minnesota producing advanced biofuels, defined as fuels produced from non-food, non-feed, sustainably-grown feedstocks and agricultural wastes. The biofuels must reduce greenhouse gas emissions at least 50% compared to fossil-based alternatives, among other requirements. Facilities must have expanded or begun
