Rebates

Note: In 2010, the Federal Housing Finance Agency (FHFA), which has authority over mortgage underwriters Fannie Mae and Freddie Mac, directed these enterprises against purchasing mortgages of homes with a PACE lien due to its senior status above a mortgage. Most residential PACE activity subsided following this directive; however, some residential PACE programs are now operating with loan loss reserve funds, appropriate disclosures, or other protections meant to address FHFA's concerns. Commercial PACE programs were not directly affected by FHFA’s actions, as Fannie Mae and Freddie Mac do not underwrite commercial mortgages. Visit PACENation for more information about PACE financing

The SouthCarolinaSAVES™ Green Community Loan Program affords low cost financing to South Carolina governmental, institutional, and commercial and industrial properties for qualified conservation measures, including lighting, HVAC, controls, envelope, process improvement upgrades, solar photovoltaic systems, and LNG/CNG or propane fleet conversions. A below market rate is enabled through the use of Qualified Energy Conservation Bonds allocated by the South Carolina Energy Office and issued through the South Carolina Jobs-Economic Development Authority (JEDA).

Projects are eligible to receive between $500,000 and $5,000,000 of low cost financing and must have a payback period of 15 years.

For more information about the SCSAVES

The Agricultural Energy Loan Program (AELP), created through Act 87 in 2013, is administered by the Vermont Agricultural Credit Corporation (VACC). The AELP provides loans to agriculture- or forest-product-based companies for renewable energy and energy efficiency projects. 

The maximum loan amount is $5,000,000, and the percentage of the project funded by VACC is negotiable. Loans are provided at variable rates, although fixed rates may be available in some circumstances; current rates can be found here. Loan terms are determined on a case-by-case basis.

Fees associated with AELP loans include a 1% commitment fee ($5,000 maximum); a $30 credit report fee

The Commercial Energy Loan Program (CELP), created by Act 87 in 2013, is administered by the Vermont Economic Development Authority (VEDA). The CELP provides loans to businesses for larger renewable energy and energy efficiency projects.

The maximum loan amount is $6,000,000 for the variable option and $500,000 for the fixed rate option, and VEDA is generally limited to 60% of the project cost; and in some cases up to 90% of cost financing (up to $500,000). Loans are provided at variable rates, which are adjusted on a quarterly basis; current rates can be found here. Loan terms are determined on a

The Small Business Energy Loan Program (SBELP), created by Act 87 in 2013, is administered by the Vermont Economic Development Authority (VEDA). The SBELP provides loans to businesses for smaller renewable energy and energy efficiency projects. 

The maximum loan amount is $500,000, and VEDA will fund up to 60% of the project. However, in certain cases, VEDA may provide loans under $50,000 that cover up to 75% of project costs. Loans are provided at fixed rates; current rates can be found here . Loan terms are determined on a case-by-case basis, but the maximum loan term is generally 10 years with a

S.B. 1189 of 2014 established a voluntary Distributed Energy Resource Program. The legislation allows participating utilities to recover costs connected to meeting a 2021 target of 2% aggregate generation capacity from renewable energy sources. Facilities sized between 1 MW and 10 MW will make up 1% of aggregate generation (50% of the total target) while facilities sized under 1 MW will make up another 1% (another 50% of the total target). Twenty five percent of facilities under 1 MW must also be under 20 kW (12.5% of the total target). Renewable energy resources include solar PV, solar thermal, wind, hydroelectric

The following property tax exemptions for solar facilities are available in Virginia:

100% property tax exemption for the assessed value of equipment and facilities used in:

1. Projects equaling 20 MW or less that serve a public institution of higher education or private college.
2. Projects equaling 5 MW or less.

80% property tax exemption for the assessed value of equipment and facilities used in:

1. Other projects over 5 MW and less than 150 MW. The exemption for projects greater than 20 MW shall not apply to projects upon which the construction begins after January 1, 2024.

The law broadly defines eligible solar

S.B. 1484 of 2014 provides a tax credit for new renewable energy systems that produce energy for self-consumption and are used primarily for manufacturing. H.B. 2670 of 2015 expanded this credit to include renewable energy systems that produce energy for self-consumption by “international operations centers.” H.B. 2528 of 2017 removes eligibility for manufacturers beginning in 2018.

Eligible systems must have a capacity of at least 20 megawatts (MW) or have a typical annual generation of at least 40,000 megawatt-hours (MWh). The tax credit is worth $5 million per year for five years for each facility. 

Taxpayers must first apply to the

S.B. 1484 of 2014 provides a tax credit for new renewable energy systems that produce energy for self-consumption and are used primarily for manufacturing. H.B. 2670 of 2015 expanded this credit to include renewable energy systems that produce energy for self-consumption by “international operations centers”. H.B. 2528 of 2017 removes eligibility for manufacturers beginning in 2018.

Eligible systems must have a capacity of at least 20 megawatts (MW) or have a typical annual generation of at least 40,000 megawatt-hours (MWh). The tax credit is worth $5 million per year for five years for each facility. 

Taxpayers must first apply to the

S.B. 1087 of 2013 established the Hawaii Green Infrastructure Authority (HGIA) for the purpose of administering Green Infrastructure Bonds to secure low-cost financing for clean energy installations, including both renewable energy and energy efficiency measures. HGIA manages the Hawaii Green Energy Market Securitization (GEMS) Program, which is intended to create a sustainable financing structure through market driven public-private partnerships that will open access to financing for more Hawaii customers and democratize access to clean energy. HGIA has a goal of using 100% of funds to finance underserved households, defined as LMI households, renters, nonprofits, small businesses, and multi-family rental projects.