Funding Options for Commercial Energy Projects
Do you have a business or non-profit organization?
Is your building leaking heat, or wasting electricity?
Would you like to add solar to your rooftop?
Maybe you'd like to install some electric vehicle chargers.
Whatever your dream is, we can help you fund it.
Contact CCLEP for help identifying grants and loans you can use to complete
energy efficiency and renewable energy projects for your building.
Then, we will help you apply for those programs!
PACE (Property-Assessed Clean Energy)
Up to 20% of property’s assessed value
Grant or loan?
Where does the money come from?
American Recovery and Reinvestment Act and the Center for Energy and Environment. The St. Paul Port Authority and the Rural Minnesota Energy Board administer the program.
What does it pay for?
Energy efficiency projects
Water efficiency projects
Renewable energy projects
Which businesses are eligible?
Commercial and industrial businesses
Non-profits, including churches
Owners of multi-family housing
How is it repaid?
The energy savings realized as a result of the funded project are calculated, and are then added as a separate item on the property tax assessment for a specified set of years. In this way, the business owner does not realize any increased cost of operations when repaying the loan, since the cost is offset by the value of the energy savings.