Clean Transportation and Infrastructure Loans
Efficiency Maine administers the Maine Clean Energy and Sustainability Accelerator (Accelerator) to provide loans for qualified alternative fuel vehicle (AFV) projects, including the purchase of electric vehicles, fuel cell electric vehicles, zero emission vehicles (ZEVs), and associated vehicle charging and fueling infrastructure. Recipients must direct 40% of funds towards low-income communities and communities of color.The Accelerator must also establish a financing program to provide low- and zero-interest loans to schools, municipalities, and non-profit organizations to purchase ZEVs and associated fueling infrastructure. The Accelerator must publish an annual report, including greenhouse gas emission reductions resulting from investments.
(Reference Legislative Document 1659, 2021 and Title 35-A, Section 2360)