Energy Efficiency Financing

Energy efficiency is one of the lowest-cost resources for commercial, residential, and industrial sectors, and provides over 30,000 jobs in Utah.

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  • C-PACE
  • U-Save
  • Electric Utility Programs
  • Gas Utility Programs


C-PACE


Commercial Property Assessed Clean Energy (C-PACE) is a competitive financing option for commercial buildings seeking capital intensive energy upgrades. Projects can include energy efficiency, renewable energy, water conservation, seismic upgrades, hybrid transport devices, EV charging stations, and battery storage.



Four potential benefits of C-PACE:

1. 100 percent upfront financing with no money down

2. Financing can be repaid directly for up to 30 years

3. Fixed interest rates over the term of the loan

4. Utility bill savings can exceed annual payments, reducing operating costs from day one and resulting in positive cash flow



C-PACE helps property owners access private-sector financing secured through a voluntary assessment on the real property. For more information about C-PACE, including upcoming events, how to develop projects, and joining the C-PACE District, please visit our dedicated C-PACE website.*



*The C-PACE website is managed by Sustainable Real Estate Solutions (SRS), a for-profit company that is under contract with the Governor’s Office of Energy Development to provide C-PACE support services.



U-Save


The U-Save Energy Efficiency Fund (U-Save) provides low-interest loans to cities, counties, and school districts for energy efficiency retrofits or new construction projects.



Four potential benefits of C-PACE:

1. 100 percent upfront financing with no money down

2. Maximum 2 percent interest rate on loans

3. Upgrades can help you save on utility bills

4. Utility bill savings can be used to repay the loan



The minimum loan term is 2 years, with a maximum term of 12 years. The minimum loan amount is $5,000 and the maximum loan amount is $1,000,000 for any single project. U-Save is a revolving loan fund, which means that loans are paid back to the fund, and those repayments can be used for new loans. As a result, the amount available for loans changes on a quarterly basis.



For more information about U-Save, available funds, and how to apply, please contact Brooke Tucker, bntucker@utah.gov. Additional information is available in the U-Save state code and administrative rules.


Read More about Energy Efficiency Financing



Electric Utility Programs


Through its wattsmart program, Rocky Mountain Power provides cash incentives and discounts for energy upgrades. Services and incentives are available for homes and businesses.


See Rocky Mountain Power



Non-Rocky Mountain Power customers should contact their local electric provider for energy efficiency programs and incentives.



Gas Utility Programs


Through its ThermWise program, Dominion Energy promotes the use of energy-efficient appliances and practices to reduce natural gas usage. Programs and incentives are available for homes and businesses.


See Dominion Energy



Non-Dominion Energy customers should contact their local gas provider for energy efficiency programs and incentives.

  • Energy Efficiency Financing Team

  • Brooke Tucker

    Managing Director of Energy Efficiency and Renewable

    801.538.8724

    Email Me

  • View All Staff