RENEWABLE ENERGY & 2019 ENERGY EFFICIENCY PROGRAMS RENEWABLE ENERGY & ENERGY EFFICIENCY...

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  • 2019REF RHODE ISLAND RENEWABLE ENERGY & ENERGY EFFICIENCY PROGRAMS

    eB ook

    1

  • The Commerce Corporation Renewable Energy Fund (REF) is dedicated to increasing the role of renewable energy throughout the state. The REF 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.

    Mission Statement

    2

    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. Programs are continuously subject to change. Please consult directly with the program providers for further details of the programs availabilities and requirements.

  • TA B L E O F C O N T E N T S

    Mission Statement

    How It Works

    Key Terms

    Residential

    Commercial

    Farm-Agriculture

    Municipal-State-Fed

    Institutions-Nonprofits

    Community Solar Programs

    2

    4

    5

    6

    9

    12

    15

    18

    21

    REF

    *Click on icon to link to sector

    3

  • How It Works

    The purpose of this eBook is to provide Rhode Islanders with basic information on the types of Renewable Energy and Energy Efficiency Programs available in Rhode Island.

    • Each sector will have its own icon (as presented on the Table of Contents page). Programs 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.

    Icon indicating sectorName of

    Program

    Energy Efficiency

    Renewable Energy

    Click on logo to link to the providers website

    Program Information

    4

  • Key Terms

    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

    (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.

    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.

    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

    (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.

    Rebate

    Tax Credit

    Loan

    Performance- Based

    Incentive

    Tiered Campaign

    Incentive

    Feed-In Tariff

    Net Metering

    A campaign in which the more people who sign up for a program, the lower the cost is for everybody

    An amount of money a taxpayer is able to subtract from taxes owed to the government.

    Money that is returned to you after you pay for goods or services, done in order to make the sale more attractive.

    *Click on word to link to source

    Grant

    5

    Virtual net metering (VNM) is a bill crediting system for community solar. It refers to when solar is not used on- site 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.

    Virtual Net

    Metering

    https://www.investopedia.com/terms/g/government-grant.asp?ad=dirN&qo=investopediaSiteSearch&qsrc=0&o=40186 http://dictionary.cambridge.org/us/dictionary/english/rebate https://www.investopedia.com/terms/l/loan.asp?ad=dirN&qo=serpSearchTopBox&qsrc=1&o=40186 https://www.investopedia.com/terms/t/taxcredit.asp https://www.seia.org/initiatives/what-solar-acronyms-and-organization-definitions-are-necessary-know https://www.seia.org/initiatives/net-metering http://www.dictionary.com/browse/incentive http://www.seia.org/policy/renewable-energy-deployment/performance-based-incentives https://news.energysage.com/virtual-net-metering-what-is-it-how-does-it-work/

  • R E S I D E N T I A L

    01

    6

  • PROVIDER: INCENTIVE: DEADLINE: ELIGIBILITY:

    • National Grid

    National Grid performs energy assessments for Rhode Island residents to become more energy efficient.

    Website: https://www.nationalgridus.com/RI-Home/Energy-Saving-Programs/Home-Checkups-Weatherization

    • Free • Building owner must sign up for audit

    • N/A

    • National Grid

    National Grid provides customers’ rebates for various energy efficiency installations. Please visit their website for more details.

    Website: https://www.nationalgridus.com/energy-saving-programs?utm_source=campaign&utm_medium=ra- dio-print-billboards&utm_campaign=energyeffsave

    • Rebate • Available for qualifying high-efficiency heating and hot water systems

    • N/A

    • National Grid

    Please visit their website for more details.

    Website: https://www.nationalgridus.com/energy-saving-programs?utm_source=campaign&utm_medium=ra- dio-print-billboards&utm_campaign=energyeffsave

    • Rebate • Available for qualifying high-efficiency electric cooling and hot water systems.

    • N/A

    • National Grid

    National Grid provides information and rebates to Rhode Island customers on energy efficient lighting.

    Website: https://www.nationalgridus.com/Services-Rebates?filters=For%20Homeowners|Rhode%20Is- land|Electric|Lighting

    • Rebate • Available for qualifying Energy Star lightbulbs

    • N/A

    • National Grid

    National Grid provides information and rebates to Rhode island customers on energy efficient appliances.

    Website: https://www.nationalgridus.com/Services-Rebates?, sfrne listed /S website

    • Rebate • Available for qualifying Energy Star appliances

    • N/A

    • U.S. Federal Government

    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: http://www.seia.org/policy/finance-tax/solar-investment-tax-credit

    • Tax Credit • Homeowners • Commercial Properties • Utility Investors in Solar

    energy property

    • 30% (2019) • 26% (2020) • 22% (2021) • 0% residential &

    permanent 10% (2023)

    R E

    S ID

    E N

    T IA

    L

    7

    Home Energy Assessment

    Energy Efficient Heating Systems

    Energy Efficient Cooling Systems

    Energy Efficient Lighting

    Energy Efficient Appliances

    The Federal Investment Tax Credit (ITC)

    http://www.seia.org/policy/finance-tax/solar-investment-tax-credit https://www.nationalgridus.com/RI-Home/Energy-Saving-Programs/Home-Checkups-Weatherization https://www.nationalgridus.com/energy-saving-programs?utm_source=campaign&utm_medium=radio-print-billboards&utm_campaign=energyeffsave https://www.nationalgridus.com/energy-saving-programs?utm_source=campaign&utm_medium=radio-print-billboards&utm_campaign=energyeffsave https://www.nationalgridus.com/Services-Rebates?filters=For%20Homeowners|Rhode%20Island|Electric|Lighting https://www.nationalgridus.com/Services-Rebates?, sfrne listed /S website

  • • RI Commerce Corp – Renewable Energy