CDFA Energy & Water Finance Update - March 21, 2017

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CDFA Energy and Water Finance Newsletter
March 21, 2017
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Energy & Water Finance Update

Features

Muskogee Approves $45M Plan to Improve Water Infrastructure
City councilors approved a plan to address a $45 million backlog of "long-deferred maintenance" of Muskogee's water, stormwater and sewer infrastructure by making use of the state's Clean Water State Revolving Loan Fund. 

Solar Farm to Receive Tax Abatement in Concordia Parish
The Concordia Parish Police Jury recently approved a 100-percent tax abatement for a 250-acre solar farm

SC Solar Installations Boom in 2016 with Help of Tax Credits
New figures from a consortium of local governments in South Carolina show that close to 1,400 permits were issued for solar installations in the region last year compared to fewer than 100 in 2015. This is in large part due to South Carolina's 25% tax credit for renewable energy.

USDA Seeks Project Proposals to Protect and Restore Critical Wetlands
Acting Deputy Agriculture Secretary Michael Young today announced the U.S. Department of Agriculture (USDA) is investing up to $15 million in technical and financial assistance to help eligible conservation partners voluntarily protect, restore and enhance critical wetlands on agricultural lands.

PACE Program Poised to Launch in VA
After eight years of pursuing PACE, Arlington County in northern Virginia has secured a program administrator – Sustainable Real Estate Solutions – a critical step in getting started with the state's first program.

MA Schools, Town Cut Costs by 20% with Brownfield Solar Project
Four schools districts and one town are drawing energy from a 3.68-MW solar project  on a brownfield site 20 miles north of Boston. The project qualifies for Massachusetts' solar renewable energy credit II (SRECII) program and received a greater incentive because it was developed on a brownfield.

USDA Announces Funding to Improve Rural Electric Infrastructure
The Rural Development Deputy Under Secretary has announced that the USDA is making loans to electric cooperatives that will help continue to deliver safe, reliable and affordable electricity to rural residents, business and institutions in nine states.

Storm Water Fee Increase to Impact Businesses, Nonprofits
With income from storm water fees falling more than $2 million short in covering city expenditures on drainage projects, the City Council will consider a proposal to raise the fees by 50 percent, from about $1.4 million to $2.1 million annually. 

A Drive for More PACE Oversight in CA
California efforts to embed more consumer protections into PACE loans are advancing on two tracks. The largely unregulated PACE industry has faced criticism in recent months that homeowners are not being adequately informed about how the program works before they agree to the tax liens.

Opinion: Unleash SC Potential for Solar Potential
Solar energy is a technology is making significant leaps and bounds in terms of reliability, price, and access. If S.C. state lawmakers play their cards right, the sun could be bringing economic development, revenue, and jobs.

VA Receives $500K for C-PACE Programs
The U.S. Department of Energy selected Virginia as the recipient of a $500,000 grant to support commercial Property Assessed Clean Energy (PACE) programs in communities across the state.

FL Co-ops and PACE Keep Solar Moving Forward
Two new initiatives in Florida – one involving solar co-ops and one involving property-assessed clean energy (PACE) could build on the momentum the solar industry gained last year with the passage of Amendment 4 and the stunning defeat of Amendment 1.

Nuclear Projects Utilizing Millions in Tax Credits
Nuclear projects in South Carolina and Georgia are racing to completion because new nuclear plants must be operational by Dec. 31, 2020, to qualify for millions of dollars in federal subsidies via nuclear production tax credits.

OK Wind Development Behind Zero-Emissions Tax Credit
Oklahoma added almost 1,200 megawatts of wind capacity in the last three months of 2016 as it leapfrogged California to take third place among the states for wind capacity.

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