Tag Archives: Nebraska incentives & policies that support renewable energy & energy efficiency

Nebraska’s Property-Assessed Clean Energy (PACE) Law

One FAQ at Earth Day events from visitors to our booths was about Nebraska’s recently passed Property-Assessed Clean Energy (PACE) law. Below, is information from DSIRE; more will be posted, particularly financing agencies and their locations, as these details become available.
DSIRE-logoThe Database of State Incentives for Renewables & Efficiency (DSIRE) is the most comprehensive source of information on incentives and policies that support renewable energy and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University and is funded by the U.S. Department of Energy.

Nebraska’s PACE Guidelines 

  • Eligible Renewable/Other Technologies
    Solar – Passive, Solar Water Heat, Solar Space Heat, Geothermal Electric, Solar Thermal Electric, Solar Thermal Process Heat, Solar Photovoltaics, Wind (All), Biomass, Geothermal Heat Pumps, Combined Heat & Power, Landfill Gas, Daylighting, Solar Pool Heating, Wind (Small), Geothermal Direct-Use, Anaerobic Digestion, Fuel Cells using Renewable Fuels, Other Distributed Generation Technologies Water conservation and pollution control facilities.
  • Eligible Efficiency Technologies
    Lighting, Lighting Controls/Sensors, Heat pumps, Air conditioners, Heat recovery, Energy Mgmt. Systems/Building Controls, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors, Yes; specific technologies not identified, Insulation, Reflective Roofs, LED Lighting
  • Applicable Sectors
    Commercial, Industrial, Local Government, Residential, Federal Government, Multifamily Residential
  • Terms
     PACE bonds are capped at $5 million unless approved by referendum.

Summary
Nebraska’s Property Assessed Clean Energy (PACE) 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.

DSIRE information last updated April 26, 2016 by David Sarkisian

Click here for additional information on Nebraska PACE financing and 46 more state incentives and policies that support renewable energy and energy efficiency.

ADDITIONAL RECOMMENDED READING
Nebraska hopes to close efficiency gap with PACE legislation, Midwest Energy News
Two PACE funders – PACE Equity, which mostly deals with commercial projects, and Renovate America – which funds residential projects, have expressed interest in bringing Nebraska’s PACE program to fruition, said Elizabeth Hertzler, a legislative aide to Sen. Mello.