4% ^^%Jfc United States •ptj^^W^mA Environmental Protection ^t^kl *m Agency 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. • y;, ^,•.;..-_ Incentives for Clean and Renewable Energy Tax Incentives (abatements, deductions, credits, etc.) Zero-Emissions Facility Production Tax Credit www.okcommerce.gov/index.php?option=com_content&task= category§ionid=4&id= 164<emid= 712 Provides a state income tax credit to producers of electric power using renewable energy resources from a zero-emission facility located in Oklahoma. The zero-emission facility must have a rated production capacity of 1 MW or greater. The facility must be placed in operation after June 4,2001, and the electricity must be sold to an unrelated party. For facilities placed in service on or after January 1,2007 and before January 1,2016, the amount of the credit is $0.0050/kWh. Small Wind Turbine Manufacturer Tax Credit www.seic.okstate.edu/owpi/ Provides a tax credit of up to $25 per square foot of a turbine rotor area for manufacturers of wind turbines with rated capacities of between 1 -50 kW. Can be applied retroactively to tax year 2003, though the incentive amount is reduced for tax years prior to 2005. Net Metering M/M/M/.occ.stete.ofcus Requires investor-owned utilities and electric cooperatives under the commission's jurisdiction to file net metering tariffs for customer-owned renewable-energy systems and combined heat and power (CHP) facilities up to 100 kW in capacity or up to 25,000 kWh per year. Net metering is available to all customer classes. Quick Facts Public Benefit Fund (PBF) Renewable Portfolio Standard Net Metering Interconnection Standards YesD No0 YesD No0 Yes 0 No D YesD No0 Electric Power Industry Generation by Primary Energy Source (EIA, 2006) Petroleum-Fired 0.1% Nuclear Natural Gas-Fired 46.6% Hydroelectric Coal-Fired 49.7% Other Renewables 0.9% 2.9% Points of Contact Zero-Emissions Facility Production Tax Credit Oklahoma Department of Commerce Carolyn Sullivan, carolyn_sullivan@odoc.state.ok.us, (405) 815-5347 Small Wind Turbine Manufacturer Tax Credit Oklahoma Wind Power Initiative Britton Rife, bkrife@gmail.com, (405) 325-8781 Net Metering George Kiser, g.kiser@occemail.com, (405) 521-6878 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. Oklahoma Incentives for Clean and Renewable Energy - Page ' ------- Incentives for Development of Contaminated Land Funding (grants, loans, bonds, etc.) Oklahoma Quality Jobs Act www.deq.state.ok.us/lpdnew/Brownfields/taxincennew2004.pdf Provides incentive payments to eligible companies that locate their principal business activities on contaminated properties of at least ten acres in size that qualify as: 1) a federal Superfund removal site; 2) National Priorities List (NPL or Superfund) site; 3) a site formally deferred to the state in lieu of NPL listing; or 4) a site that was remediated pursuant to an order of the DEQ. Brownfields Cleanup Revolving Loan Fund Program www.deq.state.ok.us/pubs/lpd/bf2pages.pdf Provides qualified applicants with funds to clean up contaminated properties through the state administered Brownfields Cleanup Revolving Loan Fund Program. The money is dispersed in the form of low interest loans. Clean Water State Revolving Loan Fund Program www.deq.state.ok.us/lpdnew/Brownfields/taxincennew2004.pdf Provides loans to eligible brownfield sites located within permitted urban storm water areas. Proposed projects must participate in the Oklahoma Brownfields Program. Tax Incentives (abatements, credits, etc.) Oklahoma Sales Tax Code www.deq.state.ok.us/lpdnew/Brownfields/taxincennew2004.pdf Allows an exemption for machinery, equipment, fuels, and chemicals incorporated into the treatment process to substantially reduce the volume or harmful properties of hazardous waste at facilities approved by the DEQ for the cleanup of site contamination. Opportunity and Enterprise Zones www. okcommerce. gov/index.php ?option=content&task= view&id= 300<emid=381 Offers eligible businesses that locate in one of Oklahoma's Opportunity or Enterprise Zones enhanced financial incentives for stimulating economic expansion in rural and disadvantaged communities. Businesses locating in an Opportunity Zone are not subject to the annualized average wage requirement in the standard Quality Jobs Program. Businesses located in an Enterprise Zone are eligible to receive double the Investment/New Jobs Tax Credit. Additionally, companies obtaining ad valorem exemptions from local taxing entities may be exempted for up to six years, rather than five. Technical Assistance and Other Incentives Brownfields Program www.deq.state.ok.us/lpdnew/brownfindex.html Offers technical assistance to private parties, government entities, and nonprofit organizations in the form of guidance, Phase I and Phase II assessments, and limited cleanup actions. Limitations on Liability Brownfields Program - Certificate of Completion; Certificate of No Action Necessary www.deq.state.ok.us/lpdnew/brownHndex.html Prohibits DEQ from assessing administrative penalties or pursuing civil actions associated with the contamination that was the subject of the consent order against any lender, lessee, or successor or assign if that person is in compliance with any post-certification conditions or requirements as specified in the consent order, Certificate of No Action Necessary, or Certificate of Completion. Quick Facts Limitations on Liability Yes 0 No D Number of State-Tracked Contaminated Properties: 116 Includes Brownfield Program sites that have been completed or are currently in the program, as well as sites enrolled in the state VCP Number of EPA CERCLIS Sites: 245 Sites identified for potential investigation under the federal Superfund Program Number of EPA Brownfields Properties: 225 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 Oklahoma. Points of Contact Oklahoma Department of Environmental Quality Oklahoma Quality Jobs Act, Brownfields Cleanup Revolving Loan Fund Program, Clean Water State Revolving Loan Fund Program Brownfields Program, Oklahoma Sales Tax Code, Brownfields Program Limitations on Liability Rita Kottke, Ph.D., rita.kottke@deq.ok.us, (405) 702-5157 Opportunity and Enterprise Zones Oklahoma Department of Commerce Sohail Hassanjee, (405) 815-5176 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. Oklahoma Incentives for Development of Contaminated Land - Page 2 ------- |