Solar Photovoltaics

NYSERDA - Residential Financing Options

NYSERDA offers a suite of loans under the Green Jobs-Green New York (GJGNY) Program to help New York State residents finance energy efficiency improvements, and renewable energy systems. Eligible projects include the purchase and installation of solar photovoltaic systems, ground source heat pumps, air source heat pumps, and energy efficiency improvements. Prior to accessing a NYSERDA loan, homeowners must have an energy assessment or audit that identifies energy services to be undertaken.
Homeowners could be eligible for up to $25,000 in loans for energy efficiency improvements or renewable energy installation at one-to-four family residential properties. Interest rates, repayment terms, and
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Marin Clean Energy - Feed-In Tariff

Assembly Bill 117, passed in 2002, allows communities in California to aggregate their load and to procure electricity from their own preferred sources. Under the authority of this law, California’s first community choice aggregator, Marin Clean Energy (MCE), was launched in May of 2010. The Marin Energy Authority comprises each city and town in Marin as well as the communities of Belvedere, Fairfax, Mill Valley, San Anselmo, San Rafael, Sausalito, Tiburon, and the County of Marin. The original legislation mandated that the customers of each supporting community would automatically be enrolled in Marin Clean Energy unless they chose not to

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Piedmont EMC - Residential Energy Efficiency Loan Program

Piedmont Electric Membership Corporation's (PEMC) Energy Efficiency and Renewable Energy Loan Program is available to eligible consumers to finance the purchase and installation of energy efficient residential upgrades. Approved consumers may borrow up to $10,000 for seven years at a five percent interest rate. Loans are available for central air conditioning, heat pumps, windows, doors and insulation.  In addition to energy efficient measures and equipment, residents may also use this program to finance the installation of photovoltaic (PV) systems and solar water heaters. Piedmont EMC also offers rebates for residential solar water heating systems.  Contact PEMC for further information

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Piedmont EMC - Residential Home Upgrade Loan Program

Piedmont Electric Membership Corporation's (PEMC) Energy Efficiency and Renewable Energy Loan Program is available to eligible Piedmont Electric members to finance the purchase and installation of an energy efficient electric heat pump, replacement of poorly insulated doors and windows, and/or additional insulation in their home at low interest rates. The loan is also available for solar water heaters, solar panels and central A/C systems. Approved consumers may borrow up to $30,000 for ten years at market interest rates.

Contact PEMC for further information about this program. In addition to solar equipment, residents may also use this program to finance the

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Sales and Use Taxes for Items Used in Renewable Energy Industries

Connecticut enacted legislation in May 2010 (H.B. 5435) that established a sales and use tax exemption for equipment, machinery and fuels used to manufacture solar thermal (active or passive) systems, solar electric systems, wind-power electric systems, or geothermal resource systems.

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N. Mariana Islands - Renewables Portfolio Standard

Requirements 

The Commonwealth of the Northern Mariana Islands enacted its Renewables Portfolio Standard in September 2007, in which a certain percentage of its net electricity sales must come from renewable energy. The law was amended in 2014 to a lower target, as previous targets were not met. Under the law, the Commonwealth Utilities Corporation (CUC), the Islands' only and semi-autonomous public utility provider, must establish a renewable portfolio standard of:

  • 20% of net electricity sales on or before December 31, 2016

Compliance 
There are stipulations within the law that allow for non-compliance if there is no "cost-effective" way to meet the

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Michigan Local PACE Program

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

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Energy Efficiency and Conservation Requirements for Utilities

In October 2008 Pennsylvania adopted Act 129 requiring PA Public Utility Commission (PUC) to establish energy efficiency and conservation program for the state’s investor owned utilities. The standard applies to utilities with at least 100,000 customers, which includes the following seven Electric Distribution Companies* (EDCs): PECO Energy, PPL Electric Utilities, West Penn Power, Pennsylvania Electric (Penelec), Metropolitan Edison (Met-Ed), and Duquesne Light. 

Electric Energy and Demand Reduction Standard

The Act 129 included an initial energy conservation and demand reduction targets until 2013. Beyond the initial 2013 targets, the act required the commission to evaluate cost effectiveness of the

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AlabamaSAVES Revolving Loan Program

The Alabama Department of Economic and Community Affairs (ADECA) offers an energy efficiency and renewable energy participating loan program called AlabamaSAVES. The Program funds subordinated participating interests in qualified third-party loans used to finance energy projects at existing commercial, industrial and non-profit businesses in Alabama. The Participating Interest can be for 100% of the cost of the eligible project or 25% of the Participating Loan up to the cost of the eligible project, whichever is less.A variety of technologies are eligible; see the program technical guide for full details.

In order to apply, interested parties must first contact an AlabamaSAVES

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AEP (Central and North) - Residential Energy Efficiency Programs

The Residential Standard Offer Program and Hard to Reach Standard Offer Program provide incentives to Project Sponsor contractors for installing energy efficiency measures at the homes of residential customers. Both programs provide incentives for upgrades to residential properties; however the Hard to Reach Program focuses on low-income homes and underserved communities. Project Sponsors agree with customers on terms including measures to be installed, conditions of sale, and price.  Customers will be asked to sign and date the Host Customer Agreement and Acknowledgement form provided by TCC or TNC to document participation in the RSOP or HTRSOP.  TCC or TNC will

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