Delaware’s Sustainable Energy Utility (SEU) is “a nonprofit organization created by the state of Delaware to foster a sustainable energy future for the state through conservation, efficiencies and the use of renewable energy sources.” Through its Energize Delaware initiative, the SEU promotes conservation programs like home energy audits and connects residents and businesses with financing options for energy upgrades. To finance large-scale projects, the Delaware SEU pioneered the use of tax-exempt Energy Efficiency Bonds. Its first $72.5 million bond issue supported building upgrades for several state agencies and colleges including Delaware State University, a HCBU (Historically Black Colleges and Universities). The SEU also supported the development of Dover Sun Park, a 10 MW solar facility, through a Solar Renewable Energy Credit (SREC) procurement program.
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