More than a couple bankers and government agents are trying to offer us cheap loans for weatherization and efficient ice boxes and all.  I'll confess to indulging in a chest freezer for my deer meat.

Financial Posts

The Financial Side of Clean Energy

It's going to take a lot of investment monies to power this shift to clean energy.  With "green loans", tax incentives, grants and direct investments, Mainers can put  together the financing they need.  We'll keep you up to date on all the options as they come and go. 

photo of a bank edifice

 
 

Financial Blog Posts

04/18/2013 - 8:50pm

feed in tariff image from 350 dot orgHave you ever wondered how some countries such as Germany can afford to deploy wind and solar energy technologies at such a higher rate than we do in the U

03/28/2013 - 12:09pm

A hydrodynamic bearing demonstration rig courtesy of NASAOn March 18, 2013, the Maine Technology Institute (MTI) announced a total of $580,111 in

03/08/2013 - 2:39pm

Cree Krull of Evegreen Home Performance in Bath Maine by EHPHere’s a revelation: sometimes even BPI-certified energy advisors have complicated, efficiency-challenged houses.

03/08/2013 - 11:09am

residential solar panels in a Philadelphia neighborhood courtesy of DOEBy the same principles that make community wind power feasible in Maine, we can also build co

02/07/2013 - 12:25pm

a house full of energy star appliances courtesy of energystar.govEfficiency Maine has expanded its appliance rebate program to include rebates for additional appliances from February through June 2013.

02/06/2013 - 6:24pm

The Office of Indian Energy and the Denali Commission tour the National Wind Technology Center in Colorado Photo courtesy of NRELOn January 30, 2013, the US Energy Department announced the second round of

01/21/2013 - 11:09pm

the community wind turbine at the University of Maine at Presque IsleAt the Maine Agricultural Trade Show held in Augusta on January 8-10, 2013, Sue Jones of Community Energy Partners and Windustry gave two presentations to atte

01/17/2013 - 5:46pm

graduatesThe Proton OnSite Scholarship and Innovation Program is fueling the next generation of scientific innovation by recognizing and awarding high school seniors, college students, and innovators who can find new and creative ways for

01/17/2013 - 5:24pm

Grants Connector Directory 2013 cover from Maine Governor's Energy Office and the Environmental and Energy Technology Council of MaineOn behalf of the Maine Governor's Energy Office, the Environme

Financial News

Rail Extension Project Begins at the Auburn Transportation Hub
04/24/2013 - 7:33pm

On April 17, 2013, officials announced a $3 million railroad renovation that will connect business parks in Poland and Auburn to Auburn's intermodal transportation hub. According to the Sun Journal, the funding for the project comes from a state bond that was issued several years ago. The extension will restore 6,600 feet of the old Rangeley Branch line, build a 400-foot spur and provide direct rail access to approximatly 400 acres of land in Auburn and Poland. Additionally, 1,500 feet of siding will be built allowing trains to more easily pull over and let another pass, decreasing congestion. The restoration and additions to the railroad will create more room for businesses to tie in and connect to rail in Auburn and Poland. The construction is projected to be finished by this coming fall.

Read more at Mainebiz and the Sun Journal.

Funding Secured for Downeaster Maintenance Facility in Brunswick
03/26/2013 - 4:14pm

Amtrak Downeaster Train by Car Free MaineThe Northern New England Passenger Rail Authority (NNEPRA) announced on March 25, 2013 that it has awarded a $12 million construction contract to Consigi Construction Company of Portland to build a layover and maintenance facility in Brunswick. Once the facility is complete, the Amtrak Downeaster will be able to add one daily round trip to Boston. Funding from a new federal source enabled NNEPRA to use Congestion Mitigation Air Quality (CMAQ) funds for the project.

Read more from the NNEPRA and in Mainebiz. Photo courtesy of Car Free Maine.

PUC Boosts Support for Energy Efficiency
03/07/2013 - 1:43pm

Efficiency Maine logoThe Maine Public Utilities Commission (PUC) has approved a plan to increase the systems benefit charge paid on electric bills nearly threefold over three years and invest the revenues in Efficiency Maine Trust's programs. Analysts say that increasing energy efficiency in the state could ultimately drop Maine electricity rates 6% by 2025 and boost Gross State Product by $1.4 billion. The plan must next be approved by the legislature. 

Read more in Mainebiz.

Governor LePage Focuses on Lower Energy Costs in State of the State Address
02/06/2013 - 1:50pm

Governor Paul LePage of MaineOn February 5, 2013, Governor Paul LePage gave his State of the State address to the Maine Legislature. After disparaging Maine's Renewable Portfolio Standard and a recently-approved offshore wind project, the Governor pledged to fast-track permitting for natural gas infrastructure development and re-attempt to remove the 100 MW restrictions on hydropower. There was no mention of energy efficiency.

Read the full text of the speech here or watch the MPBN video here.

Regional Greenhouse Gas Initiative Auction Proceeds Announced
01/16/2013 - 5:10pm

The ten states shown in dark green are participating in RGGI (except New Jersey, which is currently not participating). Observers and participating provinces are represented in lime green courtesy of WikipediaIn the 18th quarterly cap-and-trade auction held in December of 2012, the Regional Greenhouse Gas Initiative (or RGGI) brought $1,224,330 into Maine's coffers. This brought Maine's cumulative revenue count to $34,246,622 since the inception of the auctions. Auction proceeds fund various energy efficiency and weatherization programs in Maine.

Read all about it in Maine Insights.

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