The Property Assessed Clean Energy Act was signed on April 13, 2016. This law allows municipalities to create clean energy assessment districts. Municipalities that create such districts may enter into contracts with qualifying property owners and (if participating) third-party financiers to provide financing for energy efficiency and renewable energy projects on the qualifying property. The projects are paid back through assessments on the owner's property taxes.
In June 2008, the City Council of the City of El Paso enacted the Sustainable Design Standards for City Buildings policy (see Ordinance 16911, updated in July 2012 in this resolution). All new City buildings over 5,000 square feet in size are required to be designed, contracted, and built to achieve the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) Silver certification level and strive for a higher level of certification (gold or platinum) when possible. Future major renovations and non-occupied City buildings will also be designed, contracted, and built to include as many principles
In March 2011, the City Council of Kansas City adopted a policy that the design, construction, and operation of new facilities of any size and renovations in which the facility affected has at least 5,000 square feet of space must conform to the Gold Rating or higher of the most recent version of the U.S. Green Building Council (USGBC) Leadership in Energy and Environmental Design (LEED) Green Building Rating System.
Each contract for applicable projects must contain provisions sufficient to require the designer and constructor to comply with the LEED Gold Standard at a minimum and submit documentation to USGBC
Under the Utah Industrial Facilities and Development Act, counties, municipalities, and state universities in Utah may issue Industrial Revenue Bonds (IRBs) or Industrial Development Bonds (IDBs) to promote industrial development and manufacturing facilities. In 2013, Utah extended eligible projects to include energy efficiency upgrades and renewable energy systems. Municipalities may issue revenue bonds in order to finance eligible projects. Proceeds from the sale of bonds may be used to pay for or to reimburse a the project owner, project user, or a lender for the costs of the project. With the added provision to allow reimbursement to lenders, the issuance
Note: S.B. 273, enacted in March 2017, made several changes to the state's commercial PACE financing enabling legislation. The Governor's Office of Energy Development is currently revising the state's PACE program to implement these legislative changes.
Senate Bill 221 of 2013 authorizes local governments to adopt Commercial* Property Assessed Clean Energy (C-PACE) financing programs. Senate Bill 273 of 2017 made several amendments to this program. C-PACE allows property owners to finance energy efficiency and renewable energy improvements on their properties through a special assessment on their property tax bill, which is repaid over a period of time not to exceed