Leading States: State Financial and Information Incentives
Leading states identified in ACEEE's State Energy Efficiency Policy Scorecard have made major strides providing financial and information incentives to individuals and businesses.
Oregon: Oregon has run tax incentive programs since 1979 and is generally considered to run the most comprehensive state energy efficiency tax incentive program. In 2006, Oregon’s Residential and Business Energy Tax Credit programs, whose combined annual spending equaled $73.8 million, were estimated in one year to have increased state output by $142.7 million. 1,240 new jobs were created, along with an increase in state and local tax revenues of $10 million and a decrease in residential and commercial energy costs of $48 million.
Minnesota (Links to MN DSIRE.org page): Three significant loan programs provide Minnesota homeowners substantial opportunity to increase the energy efficiency of their homes or rental properties with low-interest loans. The Home Energy Loan Program allows for a maximum loan of $10,000 for terms up to 5 years for various efficiency improvements, which includes insulation and appliances. The Minnesota Housing Finance Agency’s (MHFA) Rehabilitation Loan Program provides loans for both single- and multi-family units, at a maximum of $25,000 and $100,000, respectively, for terms up to 15 years. The Rental Energy Loan program provides low-interest loans to owners of residential rental properties for efficiency improvements, such as energy-efficient appliances, at a maximum of $10,000 for terms up to 5 years.
For a ranking of financial and information incentives in all 50 states, read the
2008 State Energy Efficiency Scorecard |
