(1) Provide capital at the lowest possible cost for the
purpose of supporting conservation, energy efficiency
improvement, water efficiency improvement, wet weather
infrastructure improvement and renewable energy projects for
residential and commercial structures.
(2) Expand and simplify the process of obtaining small-
scale local energy project financing.
(3) Leverage multiple sources of public and private
capital through a unified and strategic funding mechanism.
(4) Provide technical and financing information to the
public and to businesses.
(5) Foster energy savings.
(6) Stimulate job growth.
(7) Help to substantially reduce carbon emissions.
(b) Financing program.--
(1) The governing body of a municipality or a municipal
authority may establish by ordinance or resolution a low-cost
alternative energy financing program to assist owners of real
property within the municipality or, in the case of a
municipal authority, within the boundaries of the
municipality or municipalities that organized the authority,
with installing and implementing alternative energy
technologies, including, but not limited to, solar
photovoltaic, solar thermal energy, wind energy, geothermal
energy or energy efficiency technologies, products and
activities and wet weather infrastructure improvements that
reduce energy or water consumption or support the production
of clean, renewable energy on owners' real property.
(2) A municipality may administer a financing program or
opt to participate through a municipal authority. A
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