4. Financing Options for US Public Agencies

How Public Renewable Energy Financing Options Work
Public entities are able to take advantage of numerous financing options not available to corporate entities, including special incentives, tax-exempt leases, and exclusive government subsidy bonds. Done correctly, modest funding combined with low-interest debt is sufficient to finance public solar projects.

Benefits of Public Solar Financing Options

• Access to a range of incentives not available to the average consumer. When combined with standard rebates, exclusive bonds and grants such as American Recovery and Reinvestment Act (ARRA) subsidies, Energy Efficiency and Conservation Block Grants (EECBGs), and Clean Renewable Energy Bonds (CREBs) allow public entities to dramatically reduce the cost of a new solar installation.
• Ability to take advantage of Tax Exempt Municipal Leases (TEMLs), which allow public entities to finance projects by entering into lease agreements with traditional lenders. Offering full ownership and access to lower costs of debt, TEMLs can make your solar installation extremely affordable.
• Collective ownership of our energy future. Developing solar power within the public sphere helps to build a more sustainable tomorrow. MI has the expertise to help you and your facility source the most attractive funds for your upcoming solar installation.

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