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Combined Heat and Power Partnership

Local Option - Industrial Facilities and Development Bonds

dCHPP Glossary (PDF) (2 pp, 53K)

Date Last Updated4/24/2013
Incentive TypeBond
State/FederalUT
Incentive Initiation Date4/1/2013
Incentive Size and Funding SourceUnder the Utah Industrial Facilities and Development Act, counties, municipalities, and state universities in Utah may issue Industrial Revenue Bonds (IRBs) or Industrial Development Bonds (IDBs) to promote industrial development and manufacturing facilities. Eligible projects now include energy efficiency upgrades and renewable energy systems. Municipalities may issue revenue bonds in order to finance eligible projects. Proceeds from the sale of bonds may be used to pay for or to reimburse the project owner, project user, or a lender for the costs of the project. With the added provision to allow reimbursement to lenders, the issuance of bonds may be used by a municipality to create a local loan program, in addition to direct financing of projects.
Eligible RecipientCounties, municipalities, and state universities in Utah.
Eligible FuelDoes Not Specify
Eligible Project Size (MW)Does Not Specify
Minimum Efficiency Required (%)Does Not Specify
Resource Website(s)

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