RHODE ISLAND
SEPA
Rhode Island
   Renewable Energy and
   Energy Efficiency Incentives

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RENEWABLE  ENERGY  INCENTIVES   •  RHODE  ISLAND
    Rhode Island  Renewable Energy and Energy Efficiency Incentives
            Climate change and energy security are major challenges of our time and  the
            environmental implications are as much local as they are global. Reducing our use of
            fossil fuel-based energy reduces greenhouse gases that contribute to global climate
            change. EPA New England is providing this resource fact sheet as a starting point for
            residential, municipal and commercial energy consumers. It outlines the federal, state
            and utility incentives for energy efficiency and renewable sources of energy.
                               (left photo) 66QkW wind turbine, photo
                               courtesy of Portsmouth Abbey School
                               (center photo) Hudson in Rl focused on
                               energy management, photo courtesy of
                               Robert Cerio

                               (right photo) Sohr array, photo courtesy
                               of Roger Williams University
             Federal
            Energy Efficient &
  Energy Improvement Mortgages
      •  Credits a home's energy efficiency in the mortgage itself
      •  Gives borrowers the opportunity to finance cost-effective,
        energy-saving measures
      •  Energy Efficient Mortgages (EEM) fund new homes that are
        already energy efficient
      •  Energy Improvement Mortgages (EIM) allow borrowers to
        include the cost of energy-efficiency improvements in
        existing homes without increasing the down payment
      •  Sponsored by federally insured mortgage programs
      •  Visit energystar.gov - enter "Mortgage" in the search box

  Residential Renewable Energy Tax Credits
  Credit available for systems placed in service by 12/31/2016:
  Applies to qualified systems for photovoltaics,  solar water heat, wind,
  fuel cells, geothermal heat pumps, solar electric technologies.
  Credit is  up to 30% of the cost.

  Credit limit:
      •  No limit on solar photovoltaic electric systems
      •  $2,000 for solar water heating
      •  $500 per O.SkW for small wind (<100kW) up  to $4,000
      •  $500 per O.SkW for fuel cells
      •  $2,000 for geothermal heat pumps
      •  Visit dsireusa.org - click "Federal Incentives," then scroll
        to "Personal Tax Credit" and click on "Residential Renewable
        Energy Tax Credit"
Residential Energy Efficiency Tax Credits
Credit available until 12/31/2009:
Applies to qualified water heaters, furnaces,  boilers, heat pumps, air
conditioners, building insulation, windows, doors, roofs, circulating fans used
in qualifying furnaces, stoves that use biomass fuel to heat a home or to heat
water. Credit is up to 10% of cost of building envelope improvements, or up
to 100% for qualified energy property.

Credit limit:
       No more than $500 for all improvements combined
       $50 for advanced main air circulating fans
       $150 for natural gas, propane or oil furnace or hot water boilers
       $200 for windows
       $300 for electric heat pump water heaters
       $300 for electric heat pumps
       $300 for central air conditioners
       $300 for natural gas, propane or oil water heaters
       $300 for biomass stoves
       Visit energystar.gov - enter "Tax Credits" in the search box

Residential and Corporate  Energy
Conservation Subsidy Exclusion
    •  Electric utility customers joining an energy  conservation
       program may receive a:
         . Reduction in the purchase price of electricity
         . Non-refundable credit against the price of electricity
         . Rate reduction that is not included in income and not taxable
    •  Visit dsireusa.org - click "Federal Incentives," then scroll to
       "Corporate Exemption" and click on "Residential Energy
       Conservation Subsidy Exclusion (Corporate)" or scroll to
       "Personal Exemption" and click on "Residential Energy
       Conservation Subsidy Exclusion (Personal)"
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                                                                   RHODE   ISLAND
USDA Rural Energy for America Program (REAP)
    • Promotes energy efficiency/renewable energy for agricultural
      producers and rural small business
    • Grant program open to commercial, schools, local, state and
      tribal governments, rural electric cooperatives, agricultural,
      public power sectors
    • Maximum limit of grant equals 25% of project cost with various caps
    • Visit www.rurdev.usda.gov/rbs/farmbill

Tribal Energy Program
    • Federal grant program to promote tribal energy efficiency with
      eligible systems,  including passive solar space heat, solar
      space and water heat, photovoltaics
    • Visit eere.energy.gov/tribalenergy
           State
          Property Tax Exemption
 for Renewable Energy Systems
    •   Solar water heat, solar space heat, photovoltaics, wind,
       biomass, small hydroelectric
    •   Open to residential, commercial, industrial and
       agricultural sectors
    •   Cities and towns can exempt property tax on renewable
       energy systems
    •   Visit dsireusa.org -click on "Rl," then scroll to "Property
       Tax Exemption" and select "Local Option - Property Tax
       Exemption for Renewable Energy Systems"

 Residential Solar Property Tax Exemption
    •   Solar water heat, solar space heat, photovoltaics
    •   Open to residential sector
    •   Systems cannot be assessed more than conventional systems
    •   Visit dsireusa.org -click on "Rl," then scroll to "Property
       Tax Exemption" and select "Residential Solar Property Tax
       Exemption"

Residential Renewable Energy Tax Credit
(Corporate and Personal)
    •   Solar water heat, solar space heat, photovoltaics, wind,
       geothermal heat pumps
    •   Open to residential sector
    •   Credit is 25% of the cost of qualified on-or-off-grid systems
    •   $15,000 max for photovoltaics, active solar space heating and wind
    •   $7,000 max for solar hot water and geothermal
    •   Visit dsireusa.org -click on "Rl," then scroll to
       "Corporate Tax Credit" or "Personal Tax Credit"
Renewable Energy Sales Tax Exemption
    •  Solar water heat, solar space heat, solar thermal electric,
       photovoltaics, wind, geothermal heat pumps, solar pool heating
    •  Open to residential, commercial, general public/consumer sectors
    •  100% exemption of qualified energy systems and equipment
    •  Visit dsireusa.org -click on "Rl," then scroll to "Sales
       Tax Exemption"

RIEDC - Renewable Energy Fund Grants/Loans
    •  Solar water heat, solar space heat, solar thermal electric,
       photovoltaics, landfill gas, wind, biomass, hydroelectric,
       geothermal electric, anaerobic digestion, tidal energy,
       wave energy, ocean thermal, fuel cells using renewable fuels
    •  Open to multi-family residential/low-income, commercial,
       industrial, non-profit, school, local government, agricultural,
       institutional sectors
    •  Submission deadlines apply, see website
    •  Funding amounts vary
    •  Visit riedc.com/business-services/renewable-energy
           Utility
          National Grid—Energy Wise Program
    •  Refrigerators/freezers, lighting, air conditioners, duct/air
       sealing, building insulation, pool pump timers
    •  Open to multi-family sectors and landlords
    •  Free audits, incentives and low-interest loans available to help
       pay for improved insulation and installation of ENERGY STAR-
       qualified products
    •  Visit thinksmartthinkgreen.com

Multiple Energy Efficiency Products/Incentives
from National Grid
    •  National Grid offers Rl residents, local government and
       businesses rebates and other incentives on energy efficient
       appliances and products such as water heaters, lighting, boilers, etc.
    •  Open to residential and commercial sectors
    •  Visit thinksmartthinkgreen.com

National Grid—Solar Thermal Rebate Program
    •  Solar water heat, solar space heat, solar thermal process heat
    •  Open to residential/multi-family, commercial, industrial sectors
    •  Residential customers  receive 15% off project costs, with a
       cap of $1,500
    •  Non-residential customers receive up to 50% of project costs,
       with a cap of $100,000
    •  Must be National Grid customer
    •  Visitthinksmartthinkgreen.com                 continued >

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RENEWABLE  ENERGY  INCENTIVES  •   RHODE  ISLAND
     Utility, cont'd

     People's Power & Light - Renewable Energy
     Certificate Incentive (Production)
         •  Photovoltaics, wind
         •  Open to residential, commercial, industrial, non-profit,
            school, federal, state and local government, institutional
            sectors
         •  Producers receive $0.03 per kWh through a 3-year contract
         •  Sold as New England GreenStart product through
            National Grid's GreenUp program
         •  Income from the sale of Renewable Energy Credits will not
            reduce the benefits of net metering
         •  Visit massenergy.com/Solar.REC.Sale.html
                Success Stories
               Secondary School—Portsmouth Abbey School in
     Portsmouth,  RI built the first large wind turbine in Rhode Island in
     2006. In its first year, the 660kW turbine produced nearly 1.3 million
                                              State Contacts:

                        Rhode Island Office of Energy Resources
                                                Charles Hawkins
                                                 (401) 574-9124
                                         chawkins@energy.ri.gov

                Rhode Island Economic Development Corporation
                                                 (401) 278-9100
                                            Federal Contacts

                                  US Department of Agriculture
                                                    REAP Grant
                                                 (800) 670-6553

                            US Environmental Protection Agency
                                              EPA New England
                                                    Cynthia Veil
                                                 (617) 918-1666
                                           veit.cynthia@epa.gov

                                                    John Moskal
                                                 (617) 918-1826
                                           moskal.john@epa.gov
kilowatt hours of wind-generated electricity and saved the school more
than $100,000 in electricity costs.  In 2007 Portsmouth Abbey School
received an Environmental Merit Award from  EPA New England for its
environmental contributions. The turbine also  is used to teach students
about energy as part of their science curriculum.

Business—The Hudson Companies' facility in Providence, RI, lowered
its utility bills considerably when it began to focus on energy efficiency
and created a corporate-wide energy management plan. The company
approached the goal of reducing energy consumption from two angles:
pro-active changes and using financial incentives. It started with lighting
retrofits and other efficiency measures, and followed with adding biomass
as an alternative fueling resource.  Coupled with refunds on efficiency
products and utility rebates, this helped the Providence facility save over
10% on its annual energy budget.

University—Roger Williams University in Bristol had a 2000-watt solar
photovoltaic array installed that was partially funded by a grant from the
Rhode Island Renewable Energy Fund. The Fund, originally run by the state,
is now run by the Rhode Island Economic Development Corporation.
                        United States
                        Environmental Protection
                        Agency New England
                                   EPA901-F-09-010
                                   April 2009

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