The construction or installation of a solar energy system on property classified as commercial, agricultural, residential, or industrial will not increase the taxable values of the property for five assessment years. This legislation defines solar energy to include solar thermal and separate storage apparatuses such
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
The Minnesota Pollution Control Agency offers zero-interest loans to Minnesota small businesses to help comply with or exceed environmental regulations, including those regulating emissions of greenhouse gases and other pollutants. Recipients must employ less than 100 employees and report less than $500,000 in yearly after-tax
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
NYSERDA’s Residential and Retail Energy Storage Incentives are structured as fixed-rate incentives based on the storage systems capacity, measured in kilowatt hours (kWh). The Retail Energy Storage Incentives are available for new commercial scale distributed (retail) energy storage projects up to 5 megawatts (MW) that
Local municipalities in Oregon are able to create special improvement districts where property owners can access PACE financing for renewable energy and energy efficiency projects. Municipalities can issue bonds or borrow money from the Oregon Department of Energy Energy Efficiency and Sustainable Technologies Loan Program
Under the Reinvestment Payment Program, new industrial facilities including investment of at least $20,000,000 or equipment upgrades of any kind worth greater than $2,000,000 can apply for a reinvestment payment no later than 90 days after starting construction. If the Board of Economic Development approves
The Clean Energy Development Fund provides funding for renewable energy and energy efficiency measures. Eligible recipients include agricultural entities, businesses, non-profits, institutions, and industrial entities. There is a wide range of qualifying renewable energy technologies.
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
Connecticut has implemented Commercial Property Assessed Clean Energy (C-PACE) as a financing program that allows Connecticut building owners to access cleaner, cheaper, and more reliable energy, as well as financing for resiliency and Zero-Emission Vehicle Refueling Infrastructure. This program is only available in participating municipalities.
