The report breaks down the various financing tools local governments can use to stimulate more energy efficiency upgrades according to whether or not they are market-based tools or financing tools that come directly from local governments. The first category includes: equipment lease financing, energy performance contracts (EPCs), energy services agreements (ESAs), and metered energy efficiency transaction structures (MEETs). The second category includes: energy efficiency investment corporations (EEICs); energy efficiency loan programs; loan loss reserves, interest rate buy-downs, and loan guarantees; property assessed clean energy (PACE) financing; on-bill repayment and financing; tax increment financing; and property tax abatements.