United States Environmental Protection k Agency Tennessee 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.) Tennessee Clean Energy Technology Grant www.eere.energy.gov/state_energy_program/project_brief_detail.cfm/p b_id=1052 Provides businesses $5,000 to $75,000 to install renewable energy systems at their facilities. To qualify, the facility where the system will be installed must undergo an energy audit. The grant amounts are 40% of the installed cost for solar photovoltaic (PV) systems, wind, solar water heating, hydrogen fuel cells, and solar hybrid lighting. Tennessee Valley Authority (TVA) - Green Power Switch Generation www.tva.gov/greenpowerswitch/partners/index.htm Offers production-based incentives for solar PV and wind projects to large commercial customers. Under the large commercial contract, TVA will purchase the output at $0.20/kWh. Tax Incentives Wind Energy Systems Exemption www.state.tn.us/sos/acts/103/pub/pc0377.pdf Provides that wind energy systems operated by public utilities, businesses, or industrial facilities shall not be taxed at more than one- third of their total installed cost. This law applies to the initial appraisal and subsequent appraisals of wind energy systems. Quick Facts Public Benefit Fund (PBF) Renewable Portfolio Standard Net Metering Interconnection Standards YesD No0 YesD No0 Yes D No 0 YesD No0 Electric Power Industry Generation by Primary Energy Source (EIA, 2006) Petroleum-Fired 0.2% Nuclear 26.3% Natural Gas-Fired 0.7% Hydroelectric 8.3% Coal-Fired 64.8% Other Renewables 0.6% Points of Contact Tennessee Clean Energy Technology Grant Clinton Berry, III, clinton.berry@state.tn.us, (615) 253-1943 TVA- Green Power Switch Generation Tennessee Valley Authority, tvainfo@tva.com Wind Energy Systems Exemption Tennessee Comptroller of the Treasury, (615) 401-7737 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. Tennessee Incentives for Clean and Renewable Energy - Page 1 ------- Incentives for Development of Contaminated Land Funding (grants, loans, bonds, etc.) Waste Tire Cleanup Program www.tennessee.gov/environment/swm/grants/wtcgrant.shtml Assists local governments in the cleanup of un-permitted waste tire sites. There is no match required by this grant. The number of grants will be limited by the availability of funds in each grant cycle based on the cost of the cleanups. Each year up to $500,000 may be set aside. Eligibility for this grant is determined by priority as established by the nine Environmental Field Offices. Each grant cycle, two sites from each field office are invited to compete for funds to assist in the cleanup of these un-permitted waste tire sites. Limitations on Liability Tennessee Voluntary Cleanup Oversight and Assistance Program—Innocent Party Agreements www.state.tn.us/environment/dor/voap/ Provides a mechanism for parties to voluntarily address investigation and any necessary cleanup of a property to return it to productive use. Upon completion, participants can receive a No Further Action letter and a release of liability under all environmental statutes for areas where investigation and cleanup is conducted. Quick Facts Limitations on Liability Yes 0 No D Number of State-Tracked Contaminated Properties: 183 Includes Voluntary Cleanup Program Sites Number of EPA CERCLIS Sites: 260 Sites identified for potential investigation under the federal Superfund Program Number of EPA Brownfields Properties: 42 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 Tennessee. Points of Contact Waste Tire Cleanup Program Ron White, ronald.white@state.tn.us, (615) 532-4967 Tennessee Voluntary Cleanup Oversight and Assistance Program • Innocent Party Agreements Andy Shivas, Andy.Shivas@state.tn.us, (615) 532-0912 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. Tennessee Incentives for Development of Contaminated Land - Page 2 ------- |