Energy Efficiency Funding

February 19, 2013

This is just a quick summary of some funding available in energy efficiency for both large scale and small scale projects:

C-PACE

Connecticut Property Assessed Clean Energy (C-PACE) is an innovative program that is helping commercial, industrial and multi-family property owners access affordable, long-term financing for smart energy upgrades to their buildings.

C-PACE allows building owners to finance qualifying energy efficiency and clean energy improvements through placing a voluntary assessment on their property tax bill. Property owners pay for the improvements over time through this additional charge on their property tax bill and the repayment obligation transfers automatically to the next owner if the property is sold. Similar to a sewer tax assessment, capital provided under the C-PACE program is secured by a lien on the property, so low-interest capital can be raised from the private sector with no government financing required.
Read More: http://www.c-pace.com/

Commercial Solar Hot Water RFP, Incentives and Financing

The Clean Energy Finance and Investment Authority offers incentives, through designated participating contractors, to any customer of Connecticut Light & Power or The United Illuminating Company who wishes to install solar hot water systems. Click here for the incentive process guidelines.

CEFIA is providing incentives and financing to support Commercial Solar Hot Water projects through a competitive Request for Proposal (RFP) process. This is the fifth round and final round of solicitations under the current program launched in April 2012. The “funds available” (below) reflect changes in project awards from previous rounds.
Read More About Solar Thermal Incentives

Federal Tax Relief

Extension of renewable energy incentives, the R&E tax credit and other business incentives: The agreement extends tax relief for businesses through the end of next year. This means extending the Production Tax Credit, a key incentive for renewable energy , as well as the Research & Experimentation tax credit. In addition, the agreement extends 50 percent bonus depreciation, a cost-effective temporary measure to support investment and growth. All of these would be extended through the end of 2013.

SunShot Incubator Program (Round 8)

Funding: Up to $12M Total
Close Date: 04/30/2013
Funding Organization: SunShot Initiative
Funding Number: DE-FOA-0000838

Summary:

The SunShot Incubator Program is an aggressive pay for performance program focused on helping solar startups rapidly refine and commercialize promising, proven technologies and ideas. The program seeks to accelerate the commercialization of solar energy products and solutions that dramatically lower the cost of solar power.

This round of the SunShot Incubator Program is for both hardware and non-hardware solutions that reduce the cost of systems that convert solar energy into electric potential.

The SunShot Incubator program consists of five (5) tiers (divided between hardware and non-hardware) to which applications may be submitted.