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Town staff propose energy‑efficiency/clean‑energy revolving fund to capture rebates and tax‑credit proceeds
Summary
Building and sustainability staff asked the Select Board to support a warrant article to create an energy‑efficiency and clean‑energy capital program revolving fund that would retain rebates, incentives and direct‑pay tax credits for reinvestment in future municipal energy projects; staff described examples and noted state law (MGL c.44 §53E½) as
Hank Half (director of building design and construction) and Gabby Queenan (sustainability manager) briefed the Select Board on a proposed warrant article to establish an Energy Efficiency and Clean Energy Capital Program Revolving Fund under Massachusetts General Law Chapter 44, Section 53E½.
Staff said the purpose of the revolving fund is to capture state, federal and utility incentives and rebates (including direct pay/elective pay tax credits under recent federal law) that municipalities receive after completing qualifying energy efficiency, electrification…
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