Under North Carolina’s Program to Finance Energy Improvement, local governments can create a revolving loan program to finance the purchase and installation of renewable energy projects affixed to residential, commercial, or other real property. The charged interest rate on loans may not exceed 8% per
This tax credit applies to new or renovated sustainable buildings that utilize certain upgrades, such as air source and water source heat pumps, to increase energy efficiency or energy conservation. As of 2021, this tax credit requires a higher level of LEED certification for a
The New York Green Bank (NYGB) offers investment opportunities in four areas: Clean Energy Financing Arrangements, Financing Arrangements for High-Performance Affordable Housing, NY Green Bank Eligible Purchaser Pool, and the community Decarbonization Fund – Financing for Disadvantaged Community Lenders. A state-sponsored, specialized financial entity, it
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.
Tennessee allows local governments to establish a Commercial Property Assessed Clean Energy and Storm Resiliency (C-PACER) Program, under which they can allow properties in designated districts to access low-cost, long-term financing for qualified projects and repay them through a voluntary special assessment. The property assessed
The Vermont Economic Development Authority provides loans under this program for a variety of projects, including renewable energy and energy efficiency projects. Loans can be made at fixed rates on terms of up to 10 years in amounts of up to $1,000,000, not exceeding 50%
The Alaska Housing Finance Corporation administers the Energy Efficiency Revolving Loan Fund Program which gives loans to state government entities, municipal governments, the University of Alaska, and schools for qualifying energy efficiency improvements. Savings from the project must exceed loan payments. Loan participants need to
Senate Bill 22-193 authorizes the Colorado Energy Office to provide grants to implement industrial and manufacturing emission reduction projects. Eligible applications include tribal governments, local governments, public-private partnerships, and private entities. Eligible facilities may use funds for renewable energy projects, fuel switching, industrial process changes
The Florida Commercial Property Assessed Clean Energy (C-PACE) program allows owners of eligible commercial and industrial buildings to finance up to 100% of their renewable energy and other sustainability improvements. A wide range of renewable energy technology projects are eligible. This financing is only available
Manufacturers in Kentucky can be refunded for up to 100% of sales or use tax for new or replacement equipment for renewable energy and energy efficiency projects. Projects must result in a decrease in energy usage by at least 15%.
