Local Option - Property-Assessed Clean Energy Financing

Last updated: August 28, 2018

Program Overview

Implementing Sector:State
Category:Financial Incentive
State:Nebraska
Incentive Type:PACE Financing
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
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

Authorities

Name:L.B. 1012

Summary

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.

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