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
The Green Colorado Credit Reserve (GCCR) is a loan loss reserve created by the Colorado Energy Office to incentivize private lenders to make commercial loans up to $100,000 for capital improvements promoting renewable energy. For each loan made by a participating lender, the GCCR provides
Georgia offers a sales and use tax exemption for biomass material used in the production of energy. The energy produced from the exempt biomass materials must be sold.
This is a property tax exemption for property that is “actually and regularly used” to produce and generate electricity with certain renewable energy resources. For parties who apply for this exemption after December 31, 2016, the property tax exemption will only remain in effect for
Maryland allows local governments to establish PACE programs, where property owners can borrow money to pay for energy improvements and pay it back through a special property assessment over time. Maryland also developed a statewide PACE program. PACE programs can finance a broad range of
This incentive program reimburses facilities in Minnesota producing heat or electricity from combustion, gasification, or anaerobic digestion using cellulosic biomass feedstocks. To qualify, facilities must have begun energy production before June 30, 2025, produce 250 million MMBtu every quarter, and source biomass from sustainable agriculture,
The Mississippi Development Authority can authorize eligible commercial entities that manufacture alternative energy components for tax exemptions up to 100% for 10 years to enable facility creation or expansion. This includes state income and franchise taxes as well as a sales and use tax. The
New Hampshire PACE financing, like many other states, allows property owners to borrow money for energy improvements and pay back the amount via a special property assessment over a period of years. However, property owners in participating municipalities must borrow from private entities, as municipalities
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
