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
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
The Department of Natural Resources and Environmental Control (DNREC) Green Energy Program offers grants to customers to offset the installed cost of several technologies, including solar thermal and geothermal. Grants are only open to customers of Delmarva Power. This incentive is part of the Delaware
The Indiana Department of Local Government Finance administers a property tax deduction that includes geothermal, solar, wind, and hydroelectric. Thermal heating and cooling systems using solar or geothermal energy also qualify. Applications must be completed by December 31 annually. Taxpayers do not need to reapply
Maryland offers a sales and use tax exemption up to 100% for renewable energy equipment, including geothermal and solar thermal technologies. A broad range of claimants are eligible including commercial, agricultural, residential, and industrial entities.
MCPA partners with private financial institutions to provide low-interest or no interest financing to businesses and political subdivisions of the state to fund the capital costs of environmental projects, including those reducing pollution. While many businesses and projects are eligible for loans, the MPCA prioritizes
Regulated electric utilities across Montana are required to offer customers a green power option from renewable resources. Specific renewable energy types and program administration policies vary by utility.
The New Jersey Renewable Portfolio Standard requires electric utilities to derive 50% of energy sales from Class I renewables and 2.5% from Class II renewables by 2030. Eligible Class I renewable energy sources include geothermal, landfill gas, solar, anaerobic digestion, and certain forms of sustainable
The New York State Clean Heat program seeks to increase consumer demand for ground source heat pumps and cold climate air heat pumps by offering rebates and tax incentives. For eligible heat pump contractors, this program provides financial incentives based on certain levels of BTU/hour.
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,
