United States
Environmental Protection
k Agency
xvEPA
State Incentives for Achieving Clean and Renewable
Energy Development on Contaminated Lands
Virginia _J
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.)
Solar Manufacturing Incentive Grant (SMIG) Program
www.dmme.virginia.gov/DE/Alternative_Fuels/solar.shtml
Offers up to $4.5 million per year to encourage the production of
photovoltaic panels sold in a calendar year, with a maximum of 6 MW. New
manufacturers that meet certain production and other criteria are eligible to
receive annual incentive grants for six years.
Tax Incentives (abatements, deductions, credits, etc.)
Local Option Property Tax Exemption for Solar
www.dmme.virginia.gov/DE/Alternative_Fuels/solar.shtml
Allows any county, city, or town to exempt or partially exempt solar energy
equipment or recycling equipment from local property taxes. Residential,
commercial, or industrial property is eligible. Property tax exemption
amount and maximum limit varies by locality.
Technical Assistance and Other Incentives
State-Based Anemometer Loan Program (SBALP)
http://sbalp. cisat.jmu. edu/index.html
Provides Virginia landowners an opportunity to quantify their wind resource
with the objective to spur the development and use of wind energy
throughout the state. SBALP is designed to empower landowners by
spurring interest in wind energy through the borrowing of meteorological
towers and encouraging wind development.
Net Metering
www.dmme.virginia.gov/DE/Alternative_Fuels/netmetering.shtml
Applies to residential generating systems up to 10 kW in capacity and non-
residential systems up to 500 kW in capacity. Net metering is available on a
first-come, first-served basis until the rated generating capacity owned and
operated by customer-generators reaches 1 % of an electric distribution
company's adjusted Virginia peak-load forecast for the previous year.
Quick Facts
Public Benefit Fund (PBF) Yes D No 0
Renewable Portfolio Goal (Voluntary) Yes 0 No D
12% by 2022
Net Metering Yes 0 No D
Interconnection Standards Yes 0 No D
Electric Power Industry Generation by
Primary Energy Source (EIA, 2006)
Petroleum-Fired 1.1% Hydroelectric 1.8%
Natural Gas-Fired 9.9% Other Renewables 3.4%
Coal-Fired 46.9% Other 0.7%
Nuclear 37.8% Pumped Storage -1.6%
Points of Contact
SMIG Program, Local Option Property Tax Exemption for Solar, Net
Metering
Ken Jurman, ken.jurman@dmme.virginia.gov, (804) 692-3222
SBALP
Patrick Wilson, wilsonpr@jmu.edu, (540) 568-8754
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.
Virginia Incentives for Clean and Renewable Energy - Page '
-------
Incentives for Development of Contaminated Land
Funding (grants, loans, bonds, etc.)
Virginia Pooled Financing Program
www. virginiaresources. org/pooledfinancing. shtml
Provides funding for brownfields remediation projects for localities and
governmental authorities across the Commonwealth. Benefits include
"AA/AAA" interest rates, custom-tailored loans, shared issuance costs, no
bond insurance premiums, and loan terms of up to 30 years.
Brownfield Remediation Loan Program
www.deq.state.va.us/cap/brwnguid.html
Provides a source of low-interest loan financing to encourage the cleanup
and reuse of contaminated properties. State remediation loans range from
$10,000 to $1,000,0000 per site with various loan term options. To be
eligible for funds, properties must suffer some type of water quality
contamination.
Clean Water Revolving Loan Fund Program
www. deq. state.va. us/cap/
Reduces interest rates for local governments for projects that improve
water quality or prevent future problems. The scope of CWRLF activity now
includes low-interest loans for publicly owned wastewater treatment
facilities, as well as, brownfield remediation and open space preservation
related to water quality issues. Benefits include: below-market interest
rates, no bond issuance costs, and payment waiver during construction.
Petroleum Storage Tank Fund
www. deq. Virginia, gov/tanks/reimbrs. html
Provides reimbursement up to $1 million per release to eligible petroleum
tank owners/operators for taking corrective actions and for third party
liability costs associated with the investigation and cleanup of sites
impacted by leaking underground storage tanks. The fund also provides
reimbursement of corrective action costs (but not third party liability costs)
for leaks from aboveground storage tanks and heating oil tanks.
Enterprise Zone Program
www.dhcd.virginia.gov/CommunityDevelopmentRevitalization/Virginia_Ent
erprise_Zones.htm
Provides state and local incentives to businesses that invest and create
jobs within Virginia's enterprise zones, which are located throughout the
state. Under this program two grant-based incentives are available: 1) Job
Creation Grants, and 2) Real Property Investment Grants. Real Property
Investment Grants are capped at $125,000 per building for investments
less than $5 million, and $250,000 for investments of $5 million or more.
Tax Incentives (abatements, credits, etc.)
Environmental Restoration Sites
www.deq.state.va.us/vrp/tax.html
Defines environmental restoration sites holding Certificates of Completion
(COCs) as a separate class of property and allows local governments to
adopt an ordinance partially or fully exempting that class from taxation.
Limitations on Liability
Voluntary Remediation Program -
Certification of Satisfactory Completion of Remediation
www. deq. state, va. usA/rp/
Issues a "certification of satisfactory completion of remediation" when
remediation is satisfactorily completed. This certification provides
assurance that the remediated site will not later become the subject of a
VA Department of Environmental Quality (DEQ) enforcement action unless
new issues are discovered.
Quick Facts
Limitations on Liability Yes 0 No D
Number of State-Tracked Contaminated Properties: 300
Includes Voluntary Remediation Program sites that are planned or have been
issued COCs
Number of EPA CERCLIS Sites: 254
Sites identified for potential investigation under the federal Superfund Program
Number of EPA Brownfields Properties: 115
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 Virginia.
Points of Contact
Virginia Pooled Financing Program, Virginia Resources Authority
Sheryl D. Bailey, sbailey@virginiaresources.org, (804-644-3100)
Department of Environmental Quality
Brownfield Remediation Loan Program, Clean Water Revolving Loan
Fund Program, Walter A. Gills, wagills@deq.virginia.gov, (804) 698-4133
Environmental Restoration Sites, Voluntary Remediation Program -
Certification of Satisfactory Completion of Remediation
Kevin Greene, klgreene@deq.virginia.gov, (804) 698-4236
Petroleum Storage Tank Fund
Department of Environmental Quality Office of Spill Response and
Remediation, Renee Hooper, rthooper@deq.virginia.gov, 804-698-4018
Enterprise Zone Program
Louellen Brumgard, Louellen.Brumgard@dhcd.virginia.gov,
(804)371-7000
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.
Virginia Incentives for Development of Contaminated Land - Page 2
------- |