Nevada Clean Energy Fund

What is Nevada Clean Energy Fund?

Senate Bill 407, of the 79th session of the Nevada Legislature, established the Nevada Clean Energy Fund to help finance the use and harnessing  of  clean  energy  projects  in  this  State,  for  both  commercial and residential properties. SB 407 also created the Board of Directors to administer the Fund and set forth the duties of the Board.   

Nevada Clean Energy Fund, or NCEF, was established to provide funding for, and increase significantly, the pace and amount of financing available for qualified clean energy projects in the State; improve the standard of living by promoting more efficient and lower cost clean energy projects that create high-paying, long-term jobs; foster the development of transparent underwriting standards, standard contractual terms, and measurement and verification protocols for clean energy projects; promoting the creation of performance data that enables effective underwriting, risk management and pro forma modeling of financial performance of qualified clean energy projects to stimulate the development of secondary investment markets; and achieving a level of financing support for clean energy projects in the State.