United States Environmental Protection Agency vvEPA State Incentives for Achieving Clean and Renewable Energy Development on Contaminated Lands Missouri 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 Technical Assistance and Other Incentives Missouri Department of Natural Resources Energy Center www.dnr.mo.gov/energy/index.html Provides information on energy efficiency and renewable energy resources and technologies, and reports current information on energy policy and resources throughout the state. Clean Air Interstate Rule (CAIR) - Cap and Trade Program's Set Aside for Renewable Energy Projects www.dnr.mo.gov/energy/Hnancial/cairsetaside.htm Provides rewards in the form of NOx allowances (up to 300 annually) under the state cap and trade system for renewable energy projects that generate electricity. Eligible in-state projects may qualify to receive awards for up to seven years, and eligible projects located outside the state may qualify for up to five years. Tax Incentives (abatements, credits, deductions, etc.) Wood Energy Tax Credit www.dnr.mo.gov/energy/deprograms.htm Allows individuals or businesses processing Missouri forestry industry residues into fuels an income tax credit of $5 per ton of processed material. The credit may be claimed for a period of five years and is to be a credit against the tax otherwise due. The Energy Center evaluates the tax credit applications and certifies to the Department of Revenue each applicant that qualifies as a wood energy-producing facility. To be considered an eligible fuel, forestry industry residues must have undergone some thermal, chemical, or mechanical process(es) sufficient to alter the residues into a fuel product. Net Metering www.dnr.mo.gov/pubs/pub2238.pdf Offers net metering to customers with systems up to 100 kW in capacity who generate electricity using wind energy, solar-thermal energy, hydroelectric energy, photovoltaics (PV), fuel cells using hydrogen produced by one of the aforementioned resources, and bio-fuels. Enrollment is limited to 5% of a utility's single-hour peak load during the previous year. Quick Facts Public Benefit Fund (PBF) Renewable Portfolio Standard 15% by 2021 Net Metering Interconnection Standards YesD No0 Yes 0 No D Yes 0 No D Yes 0 No D Electric Power Industry Generation by Primary Energy Source (EIA, 2006) Petroleum-Fired 0.1% Hydroelectric 0.2% Natural Gas-Fired 4.1% Other Renewables Coal-Fired 84.5% Pumped Storage 0.1% Nuclear 11.0% Other 0.1% Points of Contact Missouri Department of Natural Resources www.dnr.mo.gov Missouri Department of Natural Resources Energy Center, CAIR Cap and Trade Program's Set Aside for Renewable Energy Projects energy@dnr.mo.gov, (573) 751-2254 Wood Energy Tax Credit Roger Korenberg, roger.korenberg@dnr.mo.gov, (573) 526-1723 Net Metering Public Service Commission, www.psc.mo.gov Dan Beck, dan.beck@psc.mo.gov, (573) 751-7522 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. Missouri Incentives for Clean and Renewable Energy- Page ' ------- Incentives for Development of Contaminated Land Funding (grants, loans, bonds, etc.) Missouri Brownfields Cleanup Revolving Loan Fund www.dnr.mo.gov/eiera/brownHeldsRLF.htm Provides loans or subgrants to public or private property owners for cleanup activities for hazardous substances or petroleum contaminated sites. No maximum principal amount for loans, and maximum interest rate for loans will not exceed 3%. Tax Incentives (abatements, credits, deductions, etc.) Urban Redevelopment Corporations Law (Chapter 353) www.ded.mo.gov/BDT/topnavpages/Research%20Toolbox/BCS%20Progr ams/Chapter%20353%20Tax%20Abatement.aspx Provides local tax abatement for up to 25 years and needs to be coordinated with the local municipality. First period of abatement not to exceed 10 years; 100% of the incremental increase in real property taxes on the land may be abated; and 100% of real property taxes on improvements may be abated. Brownfields Remediation State Tax Credit www.ded.mo.gov/BDT/topnavpages/Research%20Toolbox/BCS%20Progr ams/Brownfield%20Redevelopment%20Program.aspx Reimburses up to 100% of cleanup costs for projects enrolled in the BVCP and requires a Certification of Completion. Brownfields Demolition State Tax Credit www.ded.mo.gov/BDT/topnavpages/Research%20Toolbox/BCS%20Progr ams/Brownfield%20Redevelopment%20Program.aspx Reimburses up to 100% of the demolition costs for structures and properties on or adjacent to a contaminated site which need to be demolished. Demolition eligible for reimbursement under this credit must be part of a city (or county) and state approved redevelopment plan. Missouri Rural Economic Stimulus Act www.mda.mo.gov/AgBusiness/tifftif.htm Provides funding to cover certain costs associated with development, including (but not limited to): professional service costs, such as architectural, engineering, legal, marketing, financial, or planning services; land acquisition, demolition costs, and site preparation; costs of rehabilitating and repairing existing public buildings; and costs of constructing public works or improvements. Projects must be located within approved areas and are subject to additional criteria. Technical Assistance and Other Incentives Site Specific Assessments (SSA) www.dnr.mo.gov/env/hwp/bvcp/hwpvcp.htm Provides site specific assessments to local governments or nonprofits. Organizations do not need to own the property and can request an assessment for a third party. Limitations on Liability Voluntary Cleanup Program - Certificate of Completion www.dnr.mo.gov/env/hwp/bvcp/hwpvcp.htm Provides a measure of protection for the property against future environmental liability related to the property and protects both current and future owners of the property. Quick Facts Limitations on Liability Yes 0 No D Number of State-Tracked Contaminated Properties: 898 Includes Brownfields/Voluntary Cleanup Program sites Number of EPA CERCLIS Sites: 394 Sites identified for potential investigation under the federal Superfund Program Number of EPA Brownfields Properties: 258 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 Missouri. Points of Contact Missouri Department of Natural Resources, www.dnr.mo.gov Brownfields Revolving Loan Fund, SSA, Voluntary Cleanup Program - Certificate of Completion Catherine Jones, Catherine.Jones@dnr.mo.gov, (573) 526-8913 Missouri Department of Economic Development, www.ded.mo.gov Urban Redevelopment Corporations Law (Chapter 353), Brownfields Remediation State Tax Credit, Brownfields Demolition State Tax Credit dedfin@ded.mo.gov, (573) 522-8004 Missouri Rural Economic Stimulus Act Missouri Department of Agriculture Tony Stafford, tony.stafford@mda.mo.gov, (573) 751-2129 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. Missouri Incentives for Development of Contaminated Land - Page 2 ------- |