Nevada gives clean energy fund $500,000 for project grants

The state provides $500,000 from its General Fund to the Nevada Clean Energy Fund for grants and related costs. Projects must meet the definition of a qualified clean energy project in Nevada law. The money may cover temporary funding gaps for qualified projects, technical help for state and local agencies, and fund staffing and administration. The act took effect upon passage and approval, on June 9, 2025.

If it accepts the money, the Nevada Clean Energy Fund must report its spending and provide records for an audit when requested. The duties cover the fund's use of this appropriation. At the Legislative Commission's request, the fund must make records available to the Legislative Auditor for an audit of the appropriation's use. The first report is due by December 18, 2026, and covers spending through December 1, 2026. A final report is due by September 17, 2027, and covers spending through June 30, 2027.

The fund and any recipient of transferred money must stop committing unspent funds after June 30, 2027, and return any remaining balance to the state by September 17, 2027. These limits apply to the fund and any entity that receives the money through a grant or other transfer. Any portion left must be returned to the State General Fund on or before September 17, 2027. No remaining money may be spent after September 17, 2027.