RHODE ISLAND RENEWABLE ENERGY & ENERGY EFFICIENCY PROGRAMS REF. ebook

Transcription

1 RHODE ISLAND RENEWABLE ENERGY & ENERGY EFFICIENCY PROGRAMS ebook

2 Mission Statement The Commerce Corporation Renewable Energy Fund () is dedicated to increasing the role of renewable energy throughout the state. The hopes to develop an integrated organizational structure for RI and its citizens to reap the full benefits of the cost-effective renewable energy development from diverse sources. Disclaimer: The information contained within this ebook is strictly for educational purposes. This ebook contains information that is intended to help the readers be better informed about the current Rhode Island programs available within renewable energy and energy efficiency. It is presented as general surface level information on programs available. Please be advised that this may not contain all programs and program requirements. s are continuously subject to change. Please consult directly with the program providers for further details of the programs availabilities and requirements. 2

3 TABLE OF CONTENTS *Click on icon to link to sector Mission Statement 2 How It Works 4 Key Terms 5 Residential 6 Commercial 9 Farm-Agriculture 12 Municipal-State-Fed 15 Institutions-Nonprofits 18 Community Solar s 21 3

4 How It Works Name of Icon indicating sector Click on logo to link to the providers website Energy Efficiency Renewable Energy Information The purpose of this ebook is to provide Rhode Islanders with basic information on the types of Renewable Energy and Energy Efficiency s available in Rhode Island. Each sector will have its own icon (as presented on the Table of Contents page). s shown under each sector icon have offerings for the indicated sector. There are logos presented on the programs to illustrate the providers of the program. Information, including the providers, incentives, eligibilities, deadlines, etc. is shown next to each program. Click on the logo near any program to be directed to the program s website. 4

5 Key Terms *Click on word to link to source Incentive An action or something that incites or tends to incite to action or greater effort, as a reward offered for increased productivity sharing Act of giving money, property or other material goods to another party in exchange for future repayment of the principal amount along with interest and/or other finance charges Loan A campaign in which the more people who sign up for a program, the lower the cost is for everybody (FIT) is a policy mechanism designed to encourage the adoption of renewable energy sources. It typically includes three key provisions: 1) guaranteed grid access, 2) long-term contracts for the electricity produced, and 3) purchase prices that are methodologically based on the cost of renewable energy generation. Under a feed-in tariff, an obligation is imposed on regional or national electricity utilities to buy renewable electricity from all eligible participants. Feed-In Tariff Net Metering Tiered Campaign Tax Credit An amount of money a taxpayer is able to subtract from taxes owed to the government. Rebate A billing mechanism that credits solar energy system owners for the electricity they add to the grid. For example, if a residential customer has a PV system on the home s rooftop, it may generate more electricity than the home uses during daylight hours. If the home is net-metered, the electricity meter will run backwards to provide a credit against what electricity is consumed at night or other periods where the home s electricity use exceeds the system s output. Grant Money that is returned to you after you pay for goods or services, done in order to make the sale more attractive. Performance- Based Incentive Virtual net metering (VNM) is a bill crediting system for community solar. It refers to when solar is not used onsite but is instead externally installed and shared among subscribers. In this case, you receive credits on your electric bill for excess energy produced by your share of a solar garden. A government grant is a financial award given by the federal, state or local government to an eligible grantee. Government grants are not expected to be repaid and do not include technical assistance or other financial assistance, such as a loan or loan guarantee, an interest rate subsidy, direct appropriation, or revenue sharing (PBI) are incentives that are paid based on the actual energy production of the solar system. Typically these are paid based on an energy ($/kwh) basis over a period of time. This is different from the approach where a one-time rebate is provided. Feed-in tariffs (FIT) are a common type of PBI. Virtual Net Metering 5

6 01 RESIDENTIAL 6

7 PROVIDER: INCENTIVE: ELIGIBILITY: DEADLINE: Home Energy Assessment Free Building owner must sign up for audit National Grid performs energy assessments for Rhode Island residents to become more energy efficient. Website: RESIDENTIAL high-efficiency heating and hot water systems Energy Efficient Heating Systems National Grid provides customers rebates for various energy efficiency installations. Please visit their website for more details. Website: Energy Efficient Cooling Systems Please visit their website for more details. high-efficiency electric cooling and hot water systems. Website: Energy Star lightbulbs Energy Efficient Lighting National Grid provides information and rebates to Rhode Island customers on energy efficient lighting. Website: Rhode%20Island Electric Lighting Energy Star appliances Energy Efficient Appliances National Grid provides information and rebates to Rhode island customers on energy efficient appliances. Website: sfrne listed /S website The Federal Investment Tax Credit (ITC) U.S. Federal Government Tax Credit Homeowners Commercial Properties Utility Investors in Solar energy property 30% (2019) 26% (2020) 22% (2021) 0% residential & permanent 10% (2023) The Investment Tax Credit (ITC) is currently a 30% federal tax credit claimed against the solar installation to reduce the income taxes that a person or company claiming the credit would otherwise pay the federal government. The Section 25D residential ITC allows the homeowner to apply the credit to his/her personal income taxes. This credit is used when homeowners purchase solar systems outright and have them installed on their homes. In the case of the Section 48 credit, the business that installs, develops and/or finances the project claims the credit. Website: 7

8 PROVIDER: INCENTIVE: ELIGIBILITY: DEADLINE: RI Commerce Corp Renewable Energy Fund () Net Metering Grant Residential Businesses Affordable Housing Non-profits State Facilities Municipalities January 28, 2019 June 3, 2019 September 9, 2019 November 18, 2019 *Subject to availibility of funds RESIDENTIAL Small Scale The Rhode Island Commerce Corporation will award grants based on the rated DC capacity of a renewable energy project. Eligible technologies: Solar PV, Solar Domestic Hot Water *REG projects are not eligible Website: Community Renewables RI Commerce Corp Renewable Energy Fund () Virtual Net Metering Grant customers with an A60 or A16 rate code Low to Moderate Income Housing sector- per qualification All other sectors must be approved by staff Open on a rolling basis until funding is reached The Rhode Island Commerce Corporation will award grants based on the rated DC capacity of a renewable energy project. *REG projects are not eligible Please visit the webpage for more information on eligible technologies such as solar PV and others. Website: Renewable Energy Growth Feed-In-Tariff Residential customers or their developers may apply for the RE Growth on a first come, first served basis Please check website for current enrollment periods. All non residential projects must be constructed and operational within 24/36/48 months depending on renewable technology. The RE Growth enables customers to sell their generation output under longterm tariffs at fixed prices. Prices depend on the size of the project, and tariff term. * funded projects are non-eligible. Website: 8

9 02 COMMERCIAL 9

10 PROVIDER: INCENTIVE: ELIGIBILITY: DEADLINE: Energy Efficient Heating Systems Energy Star appliances and heating and hot water systems National Grid provides customers rebates for various energy efficiency installations. Please visit their website for more details. Website: COMMERCIAL high-efficiency heating and hot water systems Energy Efficient Cooling Systems Please visit their website for more details. Website: Energy Star lightbulbs Energy Efficient Lighting National Grid provides information and rebates to Rhode Island customers on energy efficient lighting. Website: Rhode%20Island Electric Lighting Energy Star appliances Energy Efficient Appliances National Grid provides information and rebates to Rhode Island customers on energy efficient appliances. Website: sfrne listed /S website rooms Combined Heat & Power National grid provides a financial incentive for large facilities with consistent electrical and thermal needs to install a combined heat and power (CHP) generation systems. *Natural gas availability, automatic repowering cooling system and a central boiler plant space heating. Website: The Federal Investment Tax Credit (ITC) U.S. Federal Government Tax Credit Homeowners Commercial Properties Utility Investors in Solar energy property 30% (2019) 26% (2020) 22% (2021) 0% residential & permanent 10% after 2023 The Investment Tax Credit (ITC) is currently a 30% federal tax credit claimed against the solar installation to reduce the income taxes that a person or company claiming the credit would otherwise pay the federal government. The Section 25D residential ITC allows the homeowner to apply the credit to his/her personal income taxes. This credit is used when homeowners purchase solar systems outright and have them installed on their homes. In the case of the Section 48 credit, the business that installs, develops and/or finances the project claims the credit. Website: 10

11 PROVIDER: INCENTIVE: ELIGIBILITY: DEADLINE: RI Commercial Property Assessed Clean Energy (C-PACE) Rhode Island Infrastructure Bank (RIIB) Loan Commercial property owners in a participating municipality. Commercial property owners include office, retail, hotel, industrial, manufacturing, non-profit & multi-family (5+) properties. Rolling COMMERCIAL C-PACE enables owners of Eligible Commercial & Industrial Buildings to finance up to 100% of Energy Efficiency, Renewable Energy, Water Conservation, Environmental Health and Safety Eligible Improvements. Financing is provided by private Capital Providers at competitive rates with repayment terms consistent with the useful life of the improvements, generally up to 25 years. Website: Small Scale RI Commerce Corp Renewable Energy Fund () Net Metering Grant Residential Businesses Affordable Housing Non-Profits State Facilities Municipalities January 28, 2019 June 3, 2019 September 9, 2019 November 18, 2019 *Subject to availibility of funds The Rhode Island Commerce Corporation will award grants based on the rated DC capacity of a renewable energy project. Eligible technologies: Solar PV, Solar Domestic Hot Water *REG projects are not eligible Website: Commercial Scale RI Commerce Corp Renewable Energy Fund () Net Metering Grant Businesses Institutions Non-profits Municipalities State Facilities January 28, 2019 June 3, 2019 September 9, 2019 November 18, 2019 *Subject to availibility of funds The Rhode Island Commerce Corporation will award grants based on the rated DC capacity of a renewable energy project. *REG projects are not eligible Please visit the webpage for more information on eligible technologies, such as solar PV and others. Website: Renewable Energy Growth Feed-In-Tariff Residential customers may apply for RE Growth on a first come, first served basis Please check website for current enrollment periods All non residential projects must be constructed and operational within 24/36/48 months depending on renewable technology The RE Growth enables customers to sell their generation output under longterm tariffs at fixed prices. Prices depend on the size of the project, and tariff term. * funded projects are non-eligible Non Residential customers may apply for RE Growth through three open enrollments per calender year. Enrollment will use an online application that will be open for two weeks. Website: 11

12 03 FARM-AGRICULTURE 12

13 Rural Energy for America (REAP) PROVIDER: INCENTIVE: ELIGIBILITY: DEADLINE: United States Department of Agriculture (USDA) Grant Loan Guarantee Agricultural producers Rural small businesses 3/31/18 (All size) 10/31/18 (less than $20,000 only) Loan guarantees funded monthly Provides loan financing and grant funding to agricultural producers and rural small businesses to purchase and install renweable energy systems or make energy efficiency improvements. Grant Incentive = up to 25% of the total project cost. Min RE Grant =$2,500 Max RE Grant $500,000 Min EE grant = $1,500 Max EE Grant =$250,000 Loans provide financing up 75% Website: FARM - AGRICULTURE Rhode Island Agricultural Energy (RIAgEP) RI Dept. of Environmental Management RI Resource Conservation & Development Area Council RI Office of Energy Resources Grant Agricultural Operation March 29, 2019 October 18, 2019 The Rhode Island Agricultural Energy is a competitive grant program for the implementation of agricultural projects that improve energy efficiency and/or facilitate renewable energy. Minimum Grant Request $2,500 Maximum Grant Request $20,000 Website: Farm Energy Efficiency RI Office of Energy Resources Free energy assessment, incentives for recommended efficiency improvements customers that own or rent a farm in Rhode Island Ongoing The Rhode Island Office of Energy Resources, in collaboration with National Grid offers free energy efficiency audits for farms. Incentives and rebates are available for many energy efficient measures. To get started, please call and identify yourself as a farm. Website: Rhode Island Commercial Property Assessed Clean Energy (C-Pace) Rhode Island Infrastructure Bank (RIIB) Loan Commercial property owners in a participating municipality Commercial property owners Rolling C-PACE enables owners of Eligible Commercial & Industrial Buildings to finance up to 100% of Energy Efficiency, Renewable Energy, Water Conservation, Environmental Health and Safety Eligible Improvements. Financing is provided by private Capital Providers at competitive rates with repayment terms consistent with the useful life of the improvements, generally up to 25 years. Website: 13

14 PROVIDER: INCENTIVE: ELIGIBILITY: DEADLINE: Small Scale RI Commerce Corp Renewable Energy Fund () Net Metering Grant Residential Businesses Affordable Housing Non-Profits State Facilities January 28, 2019 June 3, 2019 September 9, 2019 November 18, 2019 *Subject to availibility of funds The Rhode Island Commerce Corporation will award grants based on the rated DC capacity of a renewable energy project. Eligible technologies: Solar PV, Solar Domestic Hot Water *REG projects are not eligible Website: FARM - AGRICULTURE Commercial Scale RI Commerce Corp Renewable Energy Fund () Net Metering Grant Businesses Institutions Non-Profits Municipalities State Facilities January 28, 2019 June 3, 2019 September 9, 2019 November 18, 2019 *Subject to availibility of funds The Rhode Island Commerce Corporation will award grants based on the rated DC capacity of a renewable energy project. *REG projects are not eligible Please visit the webpage for more information on eligible technologies such as solar PV and others. Website: Renewable Energy Growth Feed-In Tariff The RE Growth enables customers to sell their generation output under longterm tariffs at fixed prices. Prices depend on the size of the project, and tariff term. * funded projects are non-eligible Residential customers may apply for the RE Growth on a first come, first serve basis Please check website for current enrollment periods. All non residential projects must be constructed and operational within 24/36/48 months depending on renewable technology. Website: U.S. Federal Government Tax Credit Homeowners Commercial Properties Utility Investors in Solar energy property 30% (2019) 26% (2020) 22% (2021) 0% residential & permanent 10% after 2023 The Federal Investment Tax Credit ITC is a 30% federal tax credit claimed against the solar installation to reduce income taxes that a person or company claiming the credit would otherwise pay the federal government. The Section 25D residential ITC allows the homeowner to apply the credit to his/her personal income taxes. This credit is used when homeowners purchase solar systems outright and have installed on their homes. In the case of the Section 48 credit, the business that installs, develops or finances the project claims the credit. Website: 14

15 04 MUNICIPAL-STATE-FED 15

16 PROVIDER: INCENTIVE: ELIGIBILITY: DEADLINE: Energy Efficient Heating Systems Energy Efficient Cooling Systems high-efficiency heating and hot water systems. National Grid provides customers rebates for various energy efficiency installations. Please visit their website for more details. Website: Please visit their website for more details. high-efficiency electric cooling and hot water systems. Website: MUNICIPAL-STATE-FED Energy Star lightbulbs Energy Efficient Lighting National Grid provides information and rebates to Rhode Island customers on energy efficient lighting. Website: Rhode%20Island Electric Lighting Energy Star appliances Energy Efficient Appliances National Grid provides information and rebates to Rhode Island customers on energy efficient appliances. Website: sfrne listed /S website rooms Combined Heat & Power National grid provides a financial incentive for large facilities with consistent electrical and thermal needs to install a combined heat and power (CHP) generation systems. Natural gas availability, automatic repowering cooling system and central boiler plant space heating Avg. electricity rate over $0.10 kwh/hour Website: 16

17 PROVIDER: INCENTIVE: ELIGIBILITY: DEADLINE: Efficient Buildings Fund s (EBF) RI Office of Energy Resources Rhode Island Infrastructure Bank (RIIB) Loan The Efficient Buildings Fund (EBF) provides attractive, long-term financing to municipalities and quasi-public agencies for the completion of energy efficiency and renewable energy projects. EBF seeks to finance energy retrofits in public buildings that will result in electric and heating savings greater than 20% across all properties receiving improvements. Website: Local government units Municipalities Public Schools Quasi-state agencies Ongoing please check website for details MUNICIPAL-STATE-FED Small Scale RI Commerce Corp Renewable Energy Fund () Net Metering Grant Residential Businesses Affordable Housing Non-profits State Facilities Municipalities January 28, 2019 June 3, 2019 September 9, 2019 November 18, 2019 *Subject to availibility of funds The Rhode Island Commerce Corporation will award grants based on the rated DC capacity of a renewable energy project. Eligible technologies: Solar PV, Solar Domestic Hot Water *REG projects are not eligible Website: Commercial Scale RI Commerce Corp Renewable Energy Fund () Net Metering Grant Businesses Affordable Housing Non-profits State Facilities Municipalities January 28, 2019 June 3, 2019 September 9, 2019 November 18, 2019 *Subject to availibility of funds The Rhode Island Commerce Corporation will award grants based on the rated DC capacity of a renewable energy project. *REG projects are not eligible Please visit the webpage for more information on eligible technologies such as solar PV and others. Website: Renewable Energy Growth Feed-In Tariff Residential customers or their developers may apply for the on a first come, first served basis Please check website for current enrollment periods. All non-residential projects must be constructed and operational within 24/36/48 months depending on renewable technology. The RE Growth enables customers to sell their generation output under longterm tariffs at fixed prices. Prices depend on the size of the project, and tariff term. * funded projects are non-eligible Website: 17

18 05 INSTITUTIONS & NON-PROFITS 18

19 Renewable Energy Growth Energy Efficient Heating Systems PROVIDER: INCENTIVE: ELIGIBILITY: DEADLINE: Feed-In Tariff Residential customers or their developers may apply for the program on a first come, first served basis The RE Growth enables customers to sell their generation output under long-term tariffs at fixed prices. Prices depend on the size of the project, and tariff term. * funded projects are non-eligible Website: high-efficiency heating and hot water systems. Please check website for current enrollment periods. All non-residential projects must be constructed and operational within 24/36/48 months depending on renewable technology. National Grid provides customers rebates for various energy efficiency installations. Please visit their website for more details. Website: INSTITUTIONS & NON-PROFITS Energy Efficient Cooling Systems Please visit their website for more details. high-efficiency electric cooling and hot water systems. Website: Energy Efficient Lighting Energy Star lightbulbs National Grid provides information and rebates to Rhode Island customers on energy efficient lighting. Website: Rhode%20Island Electric Lighting Energy Efficient Appliances Energy Star appliances National Grid provides information and rebates to Rhode island customers on energy efficient appliances. Website: rooms Combined Heat & Power National grid provides a financial incentive for large facilities with consistent electrical and thermal needs to install a combined heat and power (CHP) generation systems. Natural gas availability, automatic repowering cooling system and central boiler plant space heating Avg. electricity rate over $0.10 kwh/hour Website: 19

20 PROVIDER: INCENTIVE: ELIGIBILITY: DEADLINE: Rhode Island Commercial Property Assessed Clean Energy (C-Pace) Rhode Island Infrastructure Bank (RIIB) Loan Enables owners of Eligible Commercial & Industrial Buildings to finance up to 100% of Energy Efficiency, Renewable Energy, Water Conservation, Environmental Health and Safety Eligible Improvements. Financing is provided by private Capital Providers at competitive rates with repayment terms consistent with the useful life of the improvements, generally up to 25 years. Website: Commercial property owners in a participating municipality. Rolling INSTITUTIONS & NON-PROFITS RI Commerce Corp Renewable Energy Fund () Net Metering Grant Residential Businesses Affordable Housing Non-profits State Facilities Municipalities January 28, 2019 June 3, 2019 September 9, 2019 November 18, 2019 *Subject to availibility of funds Small Scale The Rhode Island Commerce Corporation will award grants based on the rated DC capacity of a renewable energy project. Eligible technologies: Solar PV, Solar Domestic Hot Water *REG projects are not eligible Website: RI Commerce Corp Renewable Energy Fund () Net Metering Grant Businesses Instituations Non-profits State Facilities Municipalities January 28, 2019 June 3, 2019 September 9, 2019 November 18, 2019 *Subject to availibility of funds Commercial Scale The Rhode Island Commerce Corporation will award grants based on the rated DC capacity of a renewable energy project. *REG projects are not eligible Please visit the webpage for more information on eligible technologies such as solar PV and others. Website: 20

21 06 COMMUNITY SOLAR PROGRAMS 21

22 Community Remote Distributed Generation (CRDG) Shared Solar PROVIDER: INCENTIVE: ELIGIBILITY: DEADLINE: Feed-In Tariff Small Scale Commercial Large Scale Commercial Residential 1) Allows commercial and municipal sectors to receive net metering credits from remote systems, sharing credits to spread solar benefits 2) Limit on value of credits 3) Competitive price under a different, higher ceiling price 4) Separate classes for CRDG facilities 5) Monetizes credits 6) 6MW 2017 Year allocation Website: Feed-In Tariff Residential Commercial 1) Small and Medium Scale Solar installation customers may share bill credits with other nearby electric service accounts 2) Provides flexibility for locating arrays, owner-tenant situations, multifamily/multibusiness buildings, corporate campuses, etc. 3) Monetizes credits 4) Small Scale choice of year tariff 5) Medium Scale 20 year tariff Website: Three 2 week Open enrollments per year (check website link) Small Scale on going enrollment first come, first served basis Medium Noncompetitive during open enrollment COMMUNITY SOLAR PROGRAMS Virtual Net Metering Net Metering Municipal Public Housing State Entities Quasi-public Educational Institutions Hospitals Non-profits Federal Government Public/Private Partnerships Rolling Allows all eligible sectors to receive net metering credits from remote, off-site qualified generation systems. Website: Community Net Metering Pilot (CNMP) Net Metering Residential *Individual LMI rate code also eligible Rolling 1) Expands net metering credits from remote systems to include residential customers 2) No one qualified generation system can exceed 10mW capacity 3) Establishes 30MW community remote net metering pilot (CNMP), which will be administered until Dec 31, ) Allows for third Party Ownership of net metered systems Website: Community Renewables RI Commerce Corp Renewable Energy Fund () Net Metering Grant homeowner or rental customers only Not eligible to renters in multi-family developments Stand alone, individual account holders only are elibible Rolling (Aligns with CNMP Pilot 30MW) 1) Compliments National Grid s CNMP 30MW Pilot 2) Funds community solar projects incentivizing residential offtakers to adopt solar renewable energy systems 3) Creates renewable energy accessibility for the LMI communities 4) Rate code and Flat bill credit grant: a) LMI- rate code: A-60: $500/host customer b) Basic residential rate code: A-16 $300/host customer Website: 22

23 In Partnership With: *Click on logo to view website United States Department of Agriculture (USDA) The USDA Rural Development are committed to helping improve the economy and quality of life in rural America. Through our programs, we help rural Americans in many ways. We offer loans, grants and loan guarantees to help create jobs and support economic development and essential services such as housing, health care, first responder services and equipment, and water, electric and communications infrastructure. We promote economic development by supporting loans to businesses through banks, credit unions and communitymanaged lending pools. We offer technical assistance and information to help agricultural producers and cooperatives get started and improve the effectiveness of their operations. We provide technical assistance to help communities undertake community empowerment programs. We help rural residents buy or rent safe, affordable housing and make health and safety repairs to their homes. WEBSITE: Rhode Island Farm Energy The Rhode Island Farm Energy (RIFEP) is a project of the Rhode Island Resource Conservation and Development Area Council, Inc. that serves as a resource on energy as it relates to agriculture in Rhode Island. The Rhode Island Farm Energy provides agriculture Producers and agriculture-based Small Businesses with current information on energy, grant opportunities and supportive events. RIRCD2283@GMAIL.COM WEBSITE: Rhode Island National Grid Here with you. Here for you. At National Grid we are committed to delivering safe and reliable energy to the customers and communities we serve. We are one of the largest investor-owned energy companies in the world covering Massachusetts, New York, Rhode Island and the UK. We are at the heart of one of the greatest challenges facing our society delivering clean energy to support our world long into the future. Every day we work with stakeholders to promote the development and implementation of sustainable, innovative and affordable energy solutions. We are proud of the contributions our work and our people make to the prosperity and well-being of our customers, communities and investors. DISTRIBUTED.GENERATION@NATIONALGRID.COM WEBSITE: 23

24 In Partnership With: (cont.) *Click on logo to view website Rhode Island Office of Energy Resources (OER) The Office of Energy Resources (OER) is Rhode Island s lead state agency on energy policy and programs. The mission of OER is to lead Rhode Island to a secure, cost-effective, and sustainable energy future. OER works closely with private and public stakeholders to increase the reliability and security of our energy supply, reduce energy costs and mitigate price volatility, and improve environmental quality. Rhode Islanders spend over $3 billion per year on energy to light their homes, keep the heat on, and fuel their vehicles. Fossil fuels such as natural gas, fuel oil, and gasoline supply the vast majority of these energy needs. By developing and implementing smart energy policies such as those that promote energy efficiency and renewable energy OER helps reduce Rhode Island s dependence on these out-ofstate fuels, advancing our State as a national leader in the new clean energy economy. ENERGY.RESOURCES@ENERGY.RI.GOV WEBSITE: Rhode Island Infrastructure Bank (RIIB) Established in 1989, Rhode Island Infrastructure Bank works collaboratively with public and private capital providers to develop and deploy solutions that support and finance investments in the State s infrastructure and green energy initiatives. Our innovative loan programs for municipalities, quasi-public agencies and private property owners accelerate investments that create jobs, promote economic development and enhance the environment. INFO@RIIB.ORG WEBSITE: Commercial Property Assessed Clean Energy (C-PACE) C-PACE enables owners of Eligible Commercial & Industrial Buildings to finance up to 100% of Energy Efficiency, Renewable Energy, Water Conservation, Environmental Health and Safety Eligible Improvements. Financing is provided by private Capital Providers at competitive rates with repayment terms consistent with the useful life of the improvements, generally up to 25 years. INFO@RI-CPACE.COM WEBSITE: 24

25 In Partnership With: (cont.) *Click on logo to view website Rhode Island Renewable Energy Fund () The Commerce Corporation Renewable Energy Fund () is dedicated to increasing the role of renewable energy throughout the state. The hopes to develop an integrated organizational structure for RI and its citizens to reap the full benefits of the cost-effective renewable energy development from diverse sources. provides grants for renewable energy projects with the potential to make electricity in a cleaner, more sustainable manner, while stimulating job growth in the green technology and energy sectors of Rhode Island s economy. Using funds from the system benefit charge on electric bills and Alternative Compliance Payments, the Commerce Corporation funds renewable energy projects in Small-Scale solar, Commercial Scale, and Community Renewables. WEBSITE: Renew Energy Initiative (REI) Vision: To make southern New England the place to be for sustainable and prosperous living. Mission: To promote the expansion of alternative energy and energy-efficiency in organizations throughout Southern New England. As a nexus to industry experts, policy information and innovative technologies, REI seeks to increase corporate competitiveness, boost energy efficiency and advocate for alternative energies. INFO@REITEAM.ORG WEBSITE: 25

26 ANY QUESTIONS? R.E.F. 2/17/18 26