Last Updated June 17, 2024
Program Overview
Category:
Financial Incentive
State:
Wyoming
Incentive Type:
PACE Financing
Administrator:
Program administered locally
Start Date:
N/A
Expiration Date:
N/A
Web Site:
N/A
Applicable Sectors:
N/A
Eligible Renewable/Other Technologies:
N/A
Summary
Wyoming enacted legislation in July 2011 (H.B. 0179) authorizing local governments to establish a loan program to provide financing for cost-effective energy improvements to existing residential, commercial and industrial properties. Governments that opt in to the establishment of energy improvement programs must provide an explanation of proposed programs to utilities distributing energy or natural gas to the area no later than 30 days prior to implementing said program. Eligible energy improvement programs are described as energy efficiency or renewable energy improvements within a program adopted by a municipality, county, or multi-county joint board.
Local governments are authorized to secure loans under energy improvement programs through liens in the same manner as provided for special assessments (W.S. 15-6-401 et se.) or through other securities deemed necessary. Additional securities may include the requirement of energy audits, loan terms, application and loan fees, and conditions to ensure timely repayment of loans and fees.
Though Wyoming has passed this enabling legislation, there are currently no active PACE programs in the state.