Sustainable Finance

C-PACE

The Rhode Island Infrastructure Bank administers the Rhode Island Commercial Property Assessed Clean Energy (C-PACE) program, which provides long-term, fixed-rate financing for building upgrades in commercial and industrial properties. Eligible projects include energy efficiency improvements, renewable energy, and alternative fuel infrastructure.

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Rhode Island Efficient Buildings Fund (RIEBF)

The Rhode Island Efficient Buildings Fund (RIEBF) is a revolving loan fund that provides low-interest rate loans to governmental entities for energy efficiency and renewable energy projects. This program is administered jointly by the Rhode Island Infrastructure Bank and the Office of Energy Resources. The

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Local Option – Tennessee C-PACER program

The State of Tennessee allows local governments to establish a Commercial Property Assessed Clean Energy and Resiliency (C-PACER) Program, under which a local government can allow a commercial property in a designated C-PACER district to use a voluntary special assessment to repay the financing of

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Energy Loan Fund

The Ohio Energy Loan Fund (ELF) helps eligible applicants receive low-interest financing to install energy efficiency measures that reduce energy by at least 15%. The ELF allows for renewable energy projects to be deployed as part of a larger energy efficiency program. Low-interest loans are

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ReEnergize Ohio

This partnership between the Ohio Treasure of State and local banks provides reduced-rate financing to small business improvement projects for energy efficiency and renewable energy generation. The program offers up to a 3% interest rate reduction on small business loans of up to $550K for

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Local Option: C-PACE Financing

Oklahoma has a Commercial Property Assessed Clean Energy (C-PACE) program which can finance up to 100% of the costs of eligible projects with an extended amortization period such that projects can be cash flow positive from day one. Eligible properties include commercial, industrial, and agricultural

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Alternative and Clean Energy Program

The Alternative and Clean Energy Program provides grants, loan guarantees, and loan funds for the construction of alternative and clean energy projects in the state. Private investment must match $1 for every $1 of program funds awarded. Eligible applicants include businesses, economic development organizations, and

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Renewable Energy Program

The Renewable Energy Program provides grants, loans, and loan guarantees for the construction of geothermal and wind energy projects. Program funds awarded must be matched 1:1 by private investment. Eligible recipients include businesses, economic development organizations, political subdivisions, and individuals.

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Local Option – Commercial Property Assessed Clean Energy (C-PACE) Financing

Pennsylvania’s Commercial Property Assessed Clean Energy Program (C-PACE) launched in 2018 and supports business property owners in getting low-interest, long-term loans for clean energy projects, repaid through a property tax. Commercial, industrial, and/or agricultural properties can qualify for C-PACE financing. Pennsylvania’s C-PACE emphasizes smart buildings,

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Pennsylvania Energy Development Authority

The Pennsylvania Energy Development Authority (PEDA), an independent public body, finances clean energy projects in the state. PEDA awards grants, loans, and loan guarantees as well as both tax-exempt and taxable bond financing for advanced clean energy projects. This authority and support exists outside of

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