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Incentives/Policies for Renewable Energy

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Local Option - Energy Improvement Loan Program   

Last DSIRE Review: 05/02/2012
Program Overview:
State: Wyoming
Incentive Type: PACE Financing
Eligible Efficiency Technologies: Unspecified Technologies, Locally determined
Eligible Renewable/Other Technologies: Locally determined, Other Distributed Generation Technologies
Applicable Sectors: Commercial, Industrial, Residential
Terms:Local governing body must provide an explanation of any proposed program to utility distributing energy or natural gas to the area no later than 30 days prior to implementing said program.
Authority 1:
Date Effective:
H.B. 0179

Note: The Federal Housing Financing Agency (FHFA) issued a statement in July 2010 concerning the senior lien status associated with most PACE programs. In response to the FHFA statement, most local PACE programs have been suspended until further clarification is provided.

Property-Assessed Clean Energy (PACE) financing effectively allows property owners to borrow money to pay for energy improvements. The amount borrowed is typically repaid via a special assessment on the property over a period of years. Wyoming has authorized local governments to establish such programs, as described below.

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 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.

Not all local governments in Wyoming offer PACE financing; contact your local government to find out if it has established a PACE financing program.

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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.