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 redevelopmei 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 Tax Incentives (abatements, deductions, credits, etc.) Renewable Energy Systems Tax Credit www.geology.utah.gov/sep/incentives/rincentives.htrrttretaxcred Provides tax credits of 10%of costs for a renewable energy system (i.e., active solar, passive solar, geothermal electricity, direct-use geothermal, geothermal heat-pump, wind, hydroenergy, biomass) in a commercial building or structure, with a maximum credit of $50,000. Also provides a production tax credit for commercial wind, biomass, and geothermal systems that produce electricity and have production capacities of 660 kW or greater with no maximum credit amount. The credit is equal to 0.35 cents per kWh of electricity for the first four years of operation. Renewable Energy Sales and Use Tax Exemption www.geology.utah.gov/sep/incentives/rincentives.htrnttretaxcred Exempts the purchase or lease of equipment used to generate electricity from wind, solar, biomass, landfill gas, anaerobic digestion, hydroelectricity, and geothermal resources from the state sales tax. A facility is eligible if it has a generation capacity of 20 kW or greater or if it increases its generation capacity by one or more MW as a result of the machinery or equipment. This exemption is scheduled to be repealed on June 30,2019. Technical Assistance and Other Incentives Anemometer Loan Program www.geology.utah.gov/sep/wind/anemometerdata/index.htm Loans individuals with promising sites an anemometer and the necessary equipment needed to measure wind resources on their land. Utah residents and businesses are eligible to apply. Net Metering www.geology.utah.gov/sep/incentives/rincentives.htm#netmeter Requires all investor-owned utilities and most electric cooperatives to offer net metering to customers that generate electricity using solar energy, wind energy, hydropower, hydrogen, biomass, landfill gas, or geothermal energy. Net metering is available to non-residential systems up to 2 MW in capacity and limited to 0.1 %of each utility's peak demand. Quick Facts Public Benefit Fund (PBF) Yes D No 0 Renewable Portfolio Goal Yes 0 No D 20% of adjusted retail sales by 2025; utilities only required to use renewable energy if it is cost-effective to do so Net Metering Yes 0 No D Interconnection Standards Yes 0 No D Electric Power Industry Generation by Primary Energy Source (EIA, 2006) Petroleum-Fired 0.2% Nuclear 0% Natural Gas-Fired 8.2% Hydroelectric 1.8% Coal-Fired 89.3% Other Renewables 0.5% All Utah Energy Incentives and Programs Utah Geological Survey, www.geology.utah.gov/ Elise Brown, elisebrown@utah.gov, (801) 537-3365 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. Utah Incentives for Clean and Renewable Energy - Page ' ------- Incentives for Development of Contaminated Land Funding (grants, loans, bonds, etc.) Petroleum Storage Tank Loan Fund www. undergroundtanks. utah. gov/pstjoan. htm Offers low interest loans for upgrading, replacing, or closing underground storage tanks (USTs). The loan program offers a maximum of $15,000 per tank and 80% of the total project cost up to $45,000 per facility. Loan terms include a fixed annual rate of 3% and loans must be paid back within 10 years. Limitations on Liability Voluntary Cleanup Program (VCP) - Certificate of Completion www.superfund. utah.gov/vcp.htm Offers a Certificate of Completion (COC) with limited liability relief to an applicant who is not responsible for the contamination at the time the applicant applies to enter the VCP; to an owner who then acquires property covered by the COC; or to a lender who then makes a loan secured by the property covered by the COC. Enforceable Written Assurances www.superfund.utah.gov/vcp.htm Provides that the Hazardous Substance Mitigation Act was amended in 2005 to expressly allow the Executive Director to issue Enforceable Written Assurances to bona fide prospective purchasers, contiguous property owners, and innocent landowners. These terms are defined by the federal Comprehensive Environmental Response, Compensation, and Liability Act and incorporated in the Hazardous Substances Mitigation Act. The Utah Department of Environmental Quality will not bring an enforcement action under the Hazardous Substances Mitigation Act against the holder of an Enforceable Written Assurance, provided the holder continues to satisfy the ongoing obligations associated with the written assurance. Quick Facts Limitations on Liability Yes 0 No D Number of State-Tracked Contaminated Properties: 65 Includes Voluntary Cleanup Program and Brownfield Program sites Number of EPA CERCLIS Sites: 218 Sites identified for potential investigation under the federal Superfund Program Number of EPA Brownfields Properties: 4 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 Utah. 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. Points of Contact Petroleum Storage Tank Loan Fund Gary Astin, gastin@utah.gov, (801) 536-4103 Diane Hernandez, dhernandez@utah.gov, (801) 536-4116 VCP - Certificate of Completion, Enforceable Written Assurances Bill Rees, brees@utah.gov, (801) 536-4100 Utah Incentives for Development of Contaminated Land-Page 2 ------- |