Kentucky allows local governments to establish PACE financing programs in their jurisdictions. They can also finance the program through bond issuance or partnership with a third party. Governments may also hire third parties for program administration purposes. All PACE programs have to review the property’s
Maryland allows local governments to establish a tax credit for property taxes for buildings with silver rating according to the U.S. Green Building Council’s LEED standards or better, or have another comparable green building rating that is recognized by the state. The scope and terms
Aimed at assisting Minnesota public entities in boosting energy efficiency and renewable energy deployment, this program provides a wide array of technical, contractual, and financial assistance in pursuing Energy Savings Performance Contracting. ESPCs work with approved Energy Service Companies to use the money saved by
The Montana Energy Office operates a revolving fund to provide low-interest loans to local governments, non-profits, and businesses under 100 employees for renewable energy and efficiency projects. The program offers loans up to $40,000 with no down payment at an interest rate of 3.5% on
The Clean Energy Fund, administered by the Community Development Finance Authority, provides loans for renewable energy, energy efficiency, and clean technology projects. Eligible applicants include businesses, non-profits, and municipalities. To receive financing, projects must result in at least a 15% increase in energy savings. Loans
Renewable energy systems that serve to heat or cool commercial and industrial buildings or irrigation systems are exempt up to 100% from property taxes. This exemption cannot be claimed if another state tax abatement or exemption is claimed on the same piece of property.
In Oregon, rural communities can set up Rural Renewable Energy Development Zones. Within these zones, commercial renewable energy properties that generate electricity or produce, distribute or store biofuels are eligible for a 3 to 5 year local property tax exemption under certain circumstances relating to
Rhode Island allows municipalities the option to offer property tax exemptions for qualifying solar thermal, geothermal, biogas, and biomass systems.
Virginia mandates that Phase I and Phase II Utilities generate a certain portion of their annual electricity sales from renewable energy sources. The required percentage increases gradually over time, with the percentage for Phase I Utilities increasing from 6% in 2021 to 100% by 2050
Manufacturers who produce wood biomass and produce marketable coproducts from biogas are eligible to file income tax under a unique Wood Biomass Fuel B&O tax classification. The tax rate for this classification is .138%. This classification will be available until January 1, 2029.
