Rebates

The Rhode Island Economic Development Cooperation (RIEDC) administers Energy Revolving Loan Fund (ELF) which provides low interest loans for RI business for energy saving investments. This loan program is funded by reprogrammed stimulus money from the American Recovery and Reinvestment Act (ARRA). Funds can be used to install renewable energy projects, energy efficiency, or purchase energy saving equipment. Terms of loan vary between 5-10 years with interest rates between 1%-3% depending on the project.

Businesses applying for financing are required to provide:

• Earnings which can support the debt requested or projected growth which can generate a clear path to earnings

The West Penn Power Sustainable Energy Fund (WPPSEF) promotes the use of renewable energy and clean energy among commercial, industrial, institutional and residential customers in the West Penn market region. Eligible technologies include solar, wind, low-impact hydro, sustainable biomass such as closed-loop biomass and biomass gasification, and innovative natural gas technologies as well as energy efficiency. Clean energy refers to advanced technologies, including landfill gas and fuel cells, which use fossil fuels but have significantly lower emissions and waste than current commercialized technologies and fuels derived from waste.

In addition to loans, the program also offers grants up to $25,000 for

Any person in the business of installing, repairing, replacing, altering, or maintenance of a solar energy system must, before obtaining any permit or transacting any business, obtain a license from the superintendent of central inspection.

The energy advisory board designates the times and place for examination of all applicants desiring to engage in or work at the business of installing, repairing, replacing, altering, or maintenance of a solar energy system in the city.

All applicants for a journeyman installer certificate must have had a minimum of 1 year practical experience at the trade to prove his ability, or such other qualifications

The following standards apply to solar PV systems of any size and wind systems 10 kilowatts or less:

Licensing Requirements

Any person bidding or contracting for the installation of a solar PV system or a wind system 10 kW or less must possess a valid license issued by the construction industries division (CID) in the EE-98 or ER-1 license classification.

Any person performing the installation of a solar PV system or a wind system 10 kW or less must possess a valid journeyman certificate issued by CID in the EE-98J or ER-1J classification, or be an apprentice working under the

El Paso Electric (EPE) has offered net metering to customer-generators since September 2011.

Eligibility and Availability

To qualify, distributed renewable generation (DRG) owners must either:

• interconnect an apartment house occupied by low-income elderly tenants that qualifies for master metering, where the DRG is expected to generate at least 50% of the building's annual electricity use or 
• have a qualifying facility with a design capacity of not more than 50 kilowatts (kW).

Additionally, the DRG facility must be rated to produce an amount of electricity less than or equal to the estimated annual electricity consumption (for new apartment house or qualifying

In December 19, 2013 the Public Service Commission (PSC) approved a petition issued by NYSERDA’s to establish and fund the operations of New York Green Bank (NY Green Bank). NY Green Bank is a state-sponsored investment fund, working to accelerate clean energy deployment throughout New York State by partnering with the private sector to address and alleviate market and financial barriers preventing a thriving clean energy marketplace. NY Green Bank does not accept deposits or offer retail loans, and instead works on the wholesale level, operating in direct response to real-time market needs.

Funding

In December 2013, the PSC approved

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 $2,000,000, and VEDA is generally limited to 60% of the project cost; and in some cases up to 90% of cost financing. 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 case-by-case basis, with a maximum loan term of 20 years.

Fees associated with CELP