The PACE program offers low-cost, long-term financing for improvements to commercial and industrial properties. The program seeks to bolster energy efficiency, decrease water consumption and energy demand, and finance technologies that generate electricity, provide thermal energy, or regulate temperature. Local governments must opt-in to this
Virginia localities may establish local green banks to promote any clean energy technology. Banks may be set up as public entities, quasi-public entities, depository banks, or nonprofit entities. Localities must offer to include private lenders in green banks.
Utah’s PACE program allows for the creation of certain energy assessment districts that offer up to 100% financing for projects over terms of up to 30 years. Savings generated from new energy investments must outweigh costs and yield a positive cash flow over time, allowing
The Alternative Energy Development Incentive (AEDI) program provides a fixed, post-performance credit worth up to 75% of state tax liability for 20 years. Eligible projects must produce at least 2 MW of electricity or 1000 barrels of oil equivalent from hydroelectric, solar, biomass, geothermal, wind,
This income tax credit may be claimed for both residential and commercial renewable energy systems. This commercial version may be claimed by direct-use geothermal, solar thermal, and biomass projects. Biomass systems must produce either fuel or electricity; biomass heating is ineligible. The credit amount cannot
Vermont law provides for a 100% exemption from the state’s 6% sales tax for systems which produce energy from renewable sources, including biofuels and advanced wood boilers, of capacities up to 500 kW.
Vermont’s Renewable Energy Resource Center provides funding for the installation of solar hot water and wood pellet heating systems by pre-approved installers. Commercial entities can receive $0.40 per KWh per year for solar thermal systems, up to $16,500, and $3,000 to $70,000 for advanced wood
The Clean Energy Development Fund was established by the Vermont legislature in 2012 to provide funding for renewable energy and energy efficiency measures for a wide range of technologies and entities. It has a special focus on small businesses, farms, and publicly owned and leased
The Vermont Economic Development Authority provides loans under this program for 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 $500,000, not exceeding 60% of the project costs. Loans
Business investments in solar thermal systems which are also eligible for the federal Investment Tax Credit can claim an additional tax credit of 6.24% for five years for systems placed in service by the end of 2022, 5.28% for systems placed in service by 2025,
Stay Informed with the Monthly RTC Newsletter: Get updates on Member & Solutions Provider news, stay current with events, reports, publications, & working group activities.
The Renewable Thermal Collaborative (RTC) is the global coalition for companies, institutions, and governments committed to scaling up renewable heating and cooling at their facilities, dramatically cutting carbon emissions.
