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CDFA Energy & Water Finance Update - July 18, 2017

CDFA Energy and Water Finance Newsletter
July 18, 2017
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Energy & Water Finance Update


About $330M Left in New Clean Renewable Energy Bond Program
About $329.7 million of New Clean Renewable Energy Bonds can still be allocated to states, localities and other users, according to the Internal Revenue Service.

Honing Solar Financing Tools Can Build the Market
How can solar financing be improved in the United States? Experts shared their vision for the future at the Green Investing Conference held by the Information Management Network (IMN).

Panel Installers Unsure about Solar Industry's Outlook without Incentives in WA
Current federal renewable-energy incentive programs will end by 2020, leaving the future of Washington's solar industry clouded. A state program, though, got a new lease on life recently. Installers say the incentives remain key to selling solar systems to cost-conscious customers.

LA Seriously Considering Energy Efficiency Incentives Aimed at Utility Programs
Widely believed to be the first initiative in the Southeast to decouple utility revenues from power sales, Arkansas' success to date is serving as proof that such regulations can benefit ratepayers and utilities while creating new energy efficiency jobs. Mississippi and Louisiana are the latest states to seriously consider such incentives aimed at utility programs that can save electricity and natural gas ratepayers' money. 

Cleveland, TN to Receive $1.2M RLF for Water System Improvements
Seven communities and one Utility District have been approved to receive over $33.4 million in low-interest loans for water and wastewater infrastructure improvements, including Cleveland which will receive a $1.2 million loan for water distribution system improvement.  

RI and Soon NY Using Incentives to Fund Offshore Wind Farms
Offshore wind power is in its infancy stage in the United States, but there are signs it is picking up. The first project is off the coast of Rhode Island and in January, another project was approved off the shores of New York's Long Island. Many projects rely on federal tax incentives which is cause for concern for some people given the current administrations lack of enthusiasm for renewables.

OH Green Building Program Completes Project in Sycamore Township
A youth sports center is the first building in Sycamore Township to use Ohio PACE program to finance a $650,000 energy improvement project that included the installation of rooftop solar energy panels, LED lighting retrofit, and the installation of new insulation panels in the facility's gymnasium.

FL Gov. Rick Scott Signs Bipartisan Bill to Expand Solar Incentives
Florida Governor Rick Scott Senate Bill 90, a measure that will expand tax breaks for renewable energy sources like solar panels on commercial and industrial buildings. The bill extends renewable-energy tax breaks already given to residential properties and exempts a percentage of the assessed value of renewable installations from property taxes.

Upcoming Events
CDFA Summer School

Intro Energy & Water Finance Course
Energy Finance News

Exploring Energy Finance for MI Businesses
CBS Detroit | Jul. 7 | Energy Finance

OR Lawmakers Nix Rooftop Solar Tax Credits
Utility Dive | Jul. 6 | Energy Finance | Tax Credits

Dane County Joins List of Counties Joining WI PACE Program
PACE Wisconsin | Jul. 6 | Energy Finance

Gov. Cuomo Extends Tax Incentives to help Lower Manhattan
Real Estate Weekly | Jul. 5 | Incentives | Community Development | Energy Finance | Legislative

Door County Signs on for PACE Program
Green Bay Press-Gazette | Jul. 3 | Energy Finance

NY Expected to Set High Bar for Energy Storage after Target Bill Passage
UtilityDIVE | Jun. 27 | Energy Finance | Legislative

House Clears Bill Extending Nuclear Tax Credit
Utility Dive | Jun. 22 | Energy Finance | Tax Credits

State Grant Supports Solar Panel Installation on Freight Transportation Building
Solar Industry Magazine | Jun. 21 | Energy Finance

Corporate America Investing in Clean Energy Projects
Greentech Media | Jun. 21 | Bond Finance | Energy Finance | Green Finance | Incentives

VA Solar Jobs Outnumber Coal Jobs for First Time
WVTF | Jun. 21 | Economic Development | Energy Finance

Highlights from the Online Resource Database

A Guide to Creating MN Jobs in Energy Efficiency
Access to Capital | Energy Finance
This report, produced by the American Jobs Project, culminates in recommendations for Minnesota's leaders based on best practices in the United States and abroad. Each recommendation identifies opportunities for barrier removal and future growth in the energy efficiency sector.

The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private, and non-profit entities alike. For more information visit CDFA.net or email info@cdfa.net

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100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300

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