Solar & Battery Regulation & Incentive Programs

Local Option - Property-Assessed Clean Energy Financing

Program Overview


Category:
Financial Incentive
Program Type:
PACE Financing
Implementing Sector:
State
State:
Nebraska
Eligible Storage 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, 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, Wind (Small), Geothermal Direct-Use, Anaerobic Digestion, Fuel Cells using Renewable Fuels, Other Distributed Generation Technologies, Reflective Roofs, LED Lighting
Terms:
PACE bonds are capped at $5 million unless approved by referendum.
Applicable Sectors:
Commercial, Industrial, Local Government, Residential, Federal Government, Multifamily Residential
Last Updated:
04/26/2016

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.


Authorities

NameEnacted DateEffective DateExpired Date
L.B. 1012