United States Environmental Protection 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. Incentives for Clean and Renewable Energy Funding (grants, loans, bonds, etc.) Connecticut Clean Energy Fund (CCEF) www.ctcleanenergy.com/ Promotes, develops, and invests in clean and sustainable energy sources, including these incentives: On-site Renewable Distributed Generation (DG) www.ctcleanenergy.com/default.aspx?tabid=95 Provides grants of up to $4 million ($850,000 for PV projects) per individual project to install systems that generate energy from renewable sources. Applications are accepted on a rolling basis. Operational Demonstration Program www.ctcleanenergy.com/default.aspx?tabid=98 Provides up to $750,000 to demonstrate applications of renewable energy generation resources including wind, solar, fuel cells, wave power, biomass, landfill gas resources, and other resources. Project 150 Initiative www.ctcleanenergy.com/default.aspx?tabid=97 Helps electric distribution companies (EDCs) finance renewable energy projects through long-term Electricity Purchase Agreements (EPAs). Pricing under these EPAs will include a premium of up to 5.50/kWh. In addition, the CCEF will award at least $50,000 to each project selected for an EPA. Connecticut Office of Policy and Management - New Energy Technology Program www.ct.gov/opm/cwp/view.asp?a=2994&q=383312 Provides grants of up to $10,000 to a maximum of five small firms to facilitate the development/use of renewable energy technologies. Connecticut Department of Public Utility Control (DPUC) - Low Interest Loans for Customer-Side Distributed Resources www.ct.gov/dpuc/cwp/view.asp?a=3356&q=419794 Offers grants to eligible baseload DG projects of $450 per kW, up to a maximum of 65 MW, to retail end-use customers of electric distribution companies for the installation of customer-side distributed resources. Tax Incentives (abatements, deductions, credits, etc.) Sales Tax Exemption for Solar and Geothermal Systems www.ct.gov/drs/cwp/view.asp?A=1514&Q=385310 Provides a 100% sales tax exemption for solar and geothermal heat pumps, including solar electricity generating systems. Property Tax Exemption for "Class I" Renewable Energy Systems and Hydropower Facilities www.ct.gov/DRS Provides a 100% property tax exemption for "Class I" renewable energy systems and hydropower facilities. Technical Assistance and Other Incentives Mass Energy - Renewable Energy Certificate Incentive www. massenergy. com/Solar. REC.Sale.html Offers to purchase renewable energy certificates at a rate of $30 per MW- hour, for a period of three years, from PV systems. Net Metering www.state.ct.us/dpuc/ Connecticut requires net metering to no limit for generation using Class I renewable energy sources (e.g., solar, wind, or biomass power). Quick Facts Public Benefit Fund (PBF) Renewable Portfolio Standard 27% by 2020 Net Metering Interconnection Standards Yes 0 No D Yes 0 No D Yes 0 No D Yes 0 No D Electric Power Industry Generation by Primary Energy Source (EIA, 2006) Petroleum-Fired 3.7% Nuclear 47.8% Natural Gas-Fired 30.2% Hydroelectric 1.6% Coal-Fired 12.3% Other Renewables 2.2% Points of Contact CCEF Dale Hedman, dale.hedman@ctinnovations.com, (860) 563-5851x331 Keith Frame, keith.frame@ctinnovations.com, (860) 257-2332 Connecticut Office of Policy and Management - New Energy Technology Program www.opm.state.ct.us John Ruckes, john.ruckes@ct.us, (860) 418-6384 Connecticut DPUC- Low Interest Loans for Customer-Side Distributed Resources Paul Carver, paul.carver@ct.us, (860) 827-2773 Sales Tax Exemption for Solar and Geothermal Systems, Property Tax Exemption for "Class I" Renewable Energy Systems and Hydropower Facilities Connecticut Department of Revenue Services Public Information Officer, OPMwebmaster@po.state.ct.us, (860) 297-5962 Mass Energy - Renewable Energy Certificate Incentive www.massenergy.com Kelly Muellman, kelly@massenergy.com, (617) 524-3950 Net Metering Mark Quinlan, mark.quinlan@po.state.ct.us, (860) 827-2691 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. Connecticut Incentives for Clean and Renewable Energy - Page 1 ------- Incentives for Development of Contaminated Land Funding (grants, loans, bonds, etc.) Connecticut Brownfield Revolving Loan Fund (CBRLF) www.ctbrownHelds.gov/ctbrownHelds/cwp/view.asp?a=2620&q=319598 Provides low-interest loans to municipalities, private entities and nonprofits for environmental cleanup of non-residential properties. Urban Sites Remedial Action Program (USRAP) www.ctbrownHelds.gov/ctbrownHelds/cwp/view.asp?a=2620&q=319334 Provides funds to facilitate the transfer and redevelopment of potentially polluted commercial and industrial property in designated Distressed Municipalities and Targeted Investment Communities. Brownfield Municipal Pilot Program www.ctbrownHelds.gov/ctbrownHelds/cwp/view.asp?a=2620&q=416724 Provides grants to fund municipal projects that are complicated by brownfields. Project sites do not need to be owned by the municipality. Special Contaminated Property Remediation and Insurance Fund (SCPRIF) www.ctbrownHelds.gov/ctbrownHelds/cwp/view.asp?a=2620&q=319330 Provides low-interest, five-year loans to municipalities and private entities for Phase II and III investigations and demolition costs. Dry Cleaning Establishment Remediation Fund www.ct.gov/ecd/cwp/view.asp?a= 1101&q=249816 Provides grants up to $300,000 to eligible dry cleaning business operators and landlords for the assessment, cleanup, containment, or mitigation of pollution resulting from releases of chemicals used for dry cleaning. Connecticut's LIST Petroleum Clean-up Account Program www.ct.gov/dep/cwp/view.asp?a=2717&q=325322&depNav_GID=1652 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. Tax Incentive Fund (TIF) -- Connecticut Brownfields Redevelopment Authority (CBRA) www.ctbrownHelds.com/Content/Grants.asp Provides up-front TIF- based grants of up to $10,000,000 to investors, developers, and business owners that clean up and redevelop environmentally contaminated properties. Connecticut Development Authority Direct, Guaranteed, or Participating Loans www.ctcda.com/CMSLite/default.asp?CMSLite_Page=18&lnfo=General+ Business Provides below market interest rate loans from $250,000 to $5 million to assist with brownfields remediation and redevelopment. Tax Incentives (abatements, credits, etc.) Industrial Site Investment Tax Credit Program www.ct.gov/ecd/cwp/view.asp?a= 1101&q=249822 Offers investors a corporate tax credit of up to 100% of their investment, up to a maximum of $100,000,000, for investments made in real property that has been subject to environmental contamination. 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. Urban and Industrial Sites Reinvestment Tax Credit Program www.ct.gov/ecd/cwp/view.asp?a= 1101&q=249842 Offers a corporate tax credit of up to 100%, maximum of $100,000,000. An eligible Urban Site Investment Project will add new economic activity, increase employment, and generate additional tax revenues. Enterprise Zone Program www. ct. gov/ecd/cwp/view. asp?a=1099&q=249766 Provides tax abatement for five years and 80% of local property taxes on real estate improvements located within Enterprise Zones; or 10 years/50% tax credit; as well as a seven-year minimum deferral of increased taxes. Technical Assistance and Other Incentives Environmental Insurance Program www.ctbrownHelds.gov/ctbrownHelds/cwp/view.asp?a=2631&q=319586 Helps clients choose the proper coverage for their project. Limitations on Liability Covenant Not to Sue/Third Party Liability Program www.dbrownfields.gov/ctbrownfields/cwp/view.asp?a=2631&q=319704#liability Provides a covenant not to sue, upon completion of all requirements of the state's Voluntary Remediation Program. Quick Facts Yes 0 No D Limitations on Liability Covenant Not to Sue, Third Party Liability Program Number of State-Tracked Contaminated Properties: 3,297 Includes Urban Sites Remedial Action Program, Voluntary Remediation Programs, and Property Transfer Program sites Number of EPA CERCLIS Sites: 401 Sites identified for potential investigation under the federal Superfund Program Number of EPA Brownfields Properties: 218 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 Connecticut Points of Contact Connecticut Office of Brownfield Remediation and Development CBRLF, USRAP, Brownfield Municipal Pilot Program, Dry Cleaning Establishment Remediation Fund, Environmental Insurance Program Elizabeth Appel, elizabeth.appel@ct.gov, (860) 270-8043 SCPRIF, Ned Moore, edwin.moore@po.state.ct.us, (860) 270-8148 Enterprise Zone Program Anne Karas, anne.karas@po.state.ct.us, (860) 270-8143 Connecticut's UST Petroleum Clean-up Account Program Jacques Gilbert, jacques.gilbert@ct.gov, (860) 424-3370 Connecticut Development Authority TIF-CBRA, Connecticut Development Authority Direct, Guaranteed, or Participating Loans, Cynthia Petruzzello, (860) 258-7833 Industrial Site Investment Tax Credit Program Stephen Brown, 860-270-8220 Urban and Industrial Sites Reinvestment Tax Credit Program Robert Rigney, robert.rigney@po.state.ct.us, (860) 270-8110 Covenant Not to Sue/Third Party Liability Program Remediation Division, DEP, (860) 424-3705 Connecticut Incentives for the Development of Contaminated Land - Page 2 ------- |