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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
651-539-1850 peter.berger@state.mn.us

Alex Cecchini
651-539-1707 alex.cecchini@state.mn.us

Peter Klein
651-204-6211 pmk@sppa.com

Peter Klein
651-204-6211 pmk@sppa.com

St. Paul Port Authority: Peter Klein
651-204-6211
pmk@sppa.com 

SWRDC: Robin Weis
507-836-1638 robin@swrdc.org

Eric Rehm
651-539-1853
Eric.Rehm@state.mn.us

Resources

MN Dept. of Commerce Program Website

MN Dept. of Commerce Program Website

SPPA Website

SPPA Website

SPPA Website MREB PACE Website

MN Dept. of Commerce Program Website

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