United States Environmental Protection k Agency xvEPA State Incentives for Achieving Clean and Renewable Energy Development on Contaminated Lands The development of clean and renewable energy on formerly used land offers many economic and environmental benefits. Combining clean and renewable energy and contaminated land cleanup incentives can allow investors and communities to create economically viable clean and renewable energy redevelopment projects. This document provides information about incentives in your state that can be leveraged for clean and renewable energy and development of contaminated land. Incentives for Clean and Renewable Energy Funding (grants, loans, bonds, etc.) On-Site Small Wind Incentive Program www.powernaturally.com/Programs/Wind/incentives.asp7F8 Provides up to $150,000 per site in incentive payments for eligible new small wind systems. The payments are provided to an eligible installer of wind system models and passed on to the site owner. Solar Electric Incentive Program (PON 1050) www.powernaturally. org/Programs/Solar/incentives. asp Provides incentives to cover approximately 40-45% of the installed cost of a PV System. For commercial systems, incentives may be combined with loan assistance from NYSERDA through the NY Energy Smart Loan FundSM to the extent available. Applications will be accepted through September 30,2009. New York Energy $martSM Loan Program (PON 1060) www.nyserda.org/loanfund/default.asp Provides an interest rate reduction of up to 4.0% below the lender rate for 10 years, or 6.5% off a participating lender's or lessor's normal loan interest rate on loans for certain renewable technologies. Loans may be provided for up to $30,000 for 1-4 family homes; $2.5 million for multi- family buildings (plus an additional maximum of $2.5 million for projects that include advanced meters); and $1.5 million for commercial buildings. Applications will be accepted through July 31,2009. Tax Incentives (abatements, deductions, credits, etc.) Solar, Wind, and Biomass Energy Systems Exemption www.orps.state.ny.us/assessor/manuals/vol4/part1/section4.01/sec487.htm Provides a 15-year real property tax exemption for real property that contains a solar, wind, or farm waste energy system approved by the State Energy Research and Development Authority. Technical Assistance and Other Incentives Long Island Power Authority (LIPA) - Solar Pioneer Program www.lipower. org/solar Provides a rebate of $3.50 per watt for commercial and residential customers in the territory of LIPA. Fuel Cell Rebate and Performance Incentive (PON 1150) www.nyserda.org/funding/1150summary.pdf Provides financial incentives to support installation and operation of in- state fuel cell systems, with up to $1 million available per project. Basic capacity incentive includes for small systems (less than 25 kW), $2,000/kW up to $20,000 per project site; and for large systems (greater than or equal to 25 kW), $1,000/kW up to $200,000 per project site. Bonus and performance incentives are also available. Net Metering www.dps.state.ny.us/distgen.htm Allows net metering for qualifying commercial, industrial, residential, and agricultural systems. In August 2008, New York enacted bills amending the state's net metering laws, most notably expanding net metering eligibility to non-residential PV and wind systems. Quick Facts Public Benefit Fund (PBF) Renewable Portfolio Standard 24% by 2013 Net Metering Interconnection Standards Yes 0 No D Yes 0 No D Yes 0 No D Yes 0 No D Electric Power Industry Generation by Primary Energy Source (EIA, 2006) Petroleum-Fired 4.8% Nuclear 29.7% Natural Gas-Fired 29.6% Hydroelectric 19.2% Coal-Fired 14.7% Other Renewables 1.8% Points of Contact New York State Energy Research and Development Authority (NYSDERA) (Power Naturally), www.nyserda.org On-Site Small Wind Incentive Program, Solar Electric Incentive Program (PON 1050), New York Energy Smart Loan Program (PON 1060), Marcia Ruth, info@nyserda.org, (518) 862-1090 ext. 3412 Fuel Cell Rebate and Performance Incentive Scott Larsen, LSL@nyserda.org, (518) 862-1090 ext. 3208 Solar, Wind, Biomass Energy System Exemption Office of Real Property Services (ORPS), www.orps.state.ny.us Contact the local municipal assessor's office LIPA- Solar Pioneer Program, www.lipa.state.ny.us Energy Infoline, (800) 692-2626 Net Metering Mike Worden, michael_worden@dps.state.ny.us, (518) 486-2498 Information current as of November 2008; please refer to www.dsireusa.org and the state Web sites provided, or contact the points of contact identified above for more up to date information. New York Incentives for Clean and Renewable Energy - Page ' ------- Incentives for Development of Contaminated Land Funding (grants, loans, bonds, etc.) Brownfields Opportunity Areas Program www.dec.ny.gov/chemical/8650.html Provides technical and financial assistance through grant funding to municipalities and community based organizations, for up to 90% of eligible project costs, to complete revitalization plans and site assessments for specific property projects. Funding is based on project need and eligible state funding for the fiscal year application. Environmental Restoration Program (ERP) www.dec.ny.gov/chemical/8444.html Provides grants to municipalities to reimburse up to 90% of onsite eligible costs and 100% of off-site eligible costs for site investigation and remediation activities. Funding amounts are project-specific and are made available from a $200 million fund. Tax Incentives (abatements, deductions, credits, etc.) Empire Zone Tax Credit www. tax.state.ny. us/sbc/empire_zone.htm Provides multiple tax credits available within specific state-designated Empire Zones. A real property tax abatement of 100% tax abatement for up to seven years is provided for properties with improvements to real property. Technical assistance is also offered within these designated zones. Brownfield Cleanup Program Tax Credit www.dec.ny.gov/chemical/8648.html Provides three income tax credit opportunities, offering up to a 22% credit for assessment, cleanup, and redevelopment projects participating in the Brownfields Cleanup Program (BCP) and having received a Certificate of Completion. The Redevelopment Credit provides an income tax credit up to 22%, based on individual taxpayer or business and location of the site. Credits are applicable for the cost of site preparation; investigation and remediation costs; development or redevelopment of the site; and ground water remediation. The Remediated Brownfield Credit for Real Property offers up to a 25% income tax credit based on job creation and location within an En-Zone. An Environmental Remediation Insurance Credit provides reimbursement up to $30,000 or 50% of the costs of environmental insurance. Technical Assistance and Other Incentives Brownfield Cleanup Program (BCP) www.dec.ny.gov/chemical/8450.html Provides technical assistance and liability comfort for the assessment and remediation of contaminated properties. The applicant reimburses all state staff technical assistance support and receives a Certificate of Completion (CoC) for liability comfort at the end of the project. The BCP also provides a credit for environmental remediation insurance of up to $30,000 or 50% of the cost of the premium, whichever is less. Limitations on Liability "BCP www.dec.ny.gov/chemical/8450.html Provides liability protection under a Certificate of Completion following completion of the project under the BCP. Projects completed in the Voluntary Cleanup Program are assigned a release and a Covenant Not to Sue. Information current as of November 2008; please refer to www.epa.gov/brownfields/pubs/st_res_prog_report.htm and the state Web sites provided, or contact the points of contact identified above for more up to date information. Quick Facts Limitations on Liability Yes 0 No D Number of State-Tracked Contaminated Properties: 1,505 Includes BCP, ERP, and VCP sites Number of EPA CERCLIS Sites: 507 Sites identified for potential investigation under the federal Superfund Program Number of EPA Brownfields Properties: 480 Properties being funded or addressed under the EPA Brownfields Program There may be some overlap among the categories listed and sites listed may not represent all potentially contaminated sites in New York. Points of Contact New York Department of Environmental Conservation www.dec.ny.gov/chemical/brownfields.html Brownfields Opportunity Areas Program, ERP, Brownfield Cleanup Program Tax Incentives, BCP, BCP Limitations on Liability derweb@gw.dec.state.ny.us, (518) 402-9764 Empire Zone Tax Credit New York State Tax Department, www.tax.state.ny.us New York Incentives for Development of Contaminated Land - Page 2 ------- |