Table 2. Examples and details of financing programs and sources that could be applied to CHP projects
| Guaranteed Energy Savings Program | Local Energy Efficiency Program | Energy Savings Partnership | Trillion Btu Program | Commercial - Property Assessed Clean Energy Program | Rev It Up Program | |
|---|---|---|---|---|---|---|
Eligibility (recipient) |
State Agencies, Higher Ed, Local Governmental Units, K-12 |
Local Governmental Units, K-12 |
LEEP Program participants |
Commercial and Industrial Businesses, 501 (c)(3) organizations |
Commercial and Industrial Businesses, 501 (c)(3) organizations |
Local Governmental Units, Commercial and Industrial Businesses, Small Businesses (< 50 employees), Health Care Facilities, MHFA |
Type |
State Administered Energy Savings Performance Contracting (ESPC) Program |
State Administered Design-Bid-Build (DBB) Program for local governmental entities |
Lease Purchase Agreement |
Revolving Loan Fund |
Special Assessment (against property) |
Revenue Bonds – tax-exempt or taxable (project dependent) |
Project Size |
Min. $350k Max. none |
Min $50k Max. $350k |
Min. $50k Max. none |
Min. 10k Max. $1M |
Max. 20% of Assessed Property Value |
Min. $1M Max. $20M |
Term (years) |
Up to 25 |
Up to 15 |
Up to 15 |
Up to 5 |
Up to 20 |
Up to 25 |
Interest Rate |
n/a |
n/a |
3 – 6% |
4.5 – 6% |
4 - 6% |
Dependent upon issuance (4 – 6%) |
Administrator |
Commerce |
Commerce |
St. Paul Port Authority |
St. Paul Port Authority |
St. Paul Port Authority; SWRDC |
Commerce |
Contact |
Peter Berger
|
Alex Cecchini
|
Peter Klein
|
Peter Klein
|
St. Paul Port Authority: Peter Klein
SWRDC: Robin Weis
|
Eric Rehm
|
Resources |