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The U.S. Department of Energy and the North Carolina Clean Energy Technology Center are excited to announce that a new, modernized DSIRE is under construction. The new version of DSIRE will offer significant improvements over the current version, including expanded data accessibility and an array of new tools for site users. The new DSIRE site will be available in December 2014. Staff are currently working hard on the new version of DSIRE but are also maintaining the content of the current version of DSIRE. Thank you for your continued support and patience during this transition. We hope you are as excited for December as we are!

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Rhode Island

Rhode Island

Incentives/Policies for Renewables & Efficiency

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Commercial-Scale Renewable-Energy Grants   

Last DSIRE Review: 12/03/2014
Program Overview:
State: Rhode Island
Incentive Type: State Grant Program
Eligible Renewable/Other Technologies: Solar Thermal Electric, Photovoltaics, Landfill Gas, Biomass, Geothermal Electric, Fuel Cells, CHP/Cogeneration, Small Hydroelectric, Biodiesel
Applicable Sectors: Commercial, Nonprofit, Local Government, Low-Income Residential, Institutional
Amount:Varies by system size
Maximum Incentive:$350,000
Installation Requirements:Varies with technology
Funding Source:Rhode Island Renewable Energy Fund (RIREF), Alternative Compliance Payments (ACPs)
Program Budget:$1 million in 2013
Start Date:1/1/2013
Web Site: http://www.commerceri.com/finance/REF-Commercial.php
Authority 1:
RIGL ยง42-64-13.2
Summary:

NOTE: Block III of the funding cycle for the program ended in October 2, 2014. New round of solicitation for funding will open on December 4th 2014 and will close on January 8, 2015.

The Rhode Island Commerce Corporation (Commerce RI) seeks to fund commercial scale renewable energy projects to generate electricity for onsite consumption. Commerce RI provides incentives for renewable-energy projects. Incentive programs are funded by the Rhode Island Renewable Energy Fund (REF) and alternative compliance payments (ACPs) from the state’s renewable portfolios standard (RPS). Currently, the Commerce RI provides grants for small-scale solar projects and direct funding for commercial-scale renewable-energy projects.

Grants are available for electricity-generating renewable-energy systems greater than 10 kilowatts (kW). Systems may be installed on businesses, institutions, non-profits, municipality property and affordable housing projects. Project owners must have conducted an energy audit prior to application submittal. 

Incentive amounts are as follows:

  • $1.15/W For the first 0-50kW
  • $1.00/W For the 2nd 50kW (Up to 100kW)
  • $.85/W For the 3rd 50kW (up to 150kW)
  • $.70/W For the 4th 50kW (up to 200kW)
  • $.55/W For the 5th 50kW (Up to 250kW)
  • $.40/W For all installed capacity over the first 250kW

Commerical Scale Incentive is capped at $350,000 per project.

The application to the Renewable Energy Fund, must demonstrate the following:

  • Proof of energy audit at the project site
  • Signed turnkey contract between the project owner and a renewable energy company (contingent on REF funding)
  • System one-line or three-line electrical drawing
  • A layout drawing of project.
  • Project financial analysis illustrating simple payback calculations, cash flows, and return on investments using assumptions stated in the program guidelines
  • Proof of funds for remainder of project
  • Copy of Manufacturer warranty
  • Copy of workmanship warranty (if not included with turnkey contract)
  • A complete copy of most recent electricity bill (if new construction, please include a request for service from national grid)
  • Complete W-9 Form
  • Manufacturer Equipment specification sheets
  • Outcome of feasibility study (If applicable)
  • An aerial image of the site from Microsoft Virtual Earth, Google Earth, or similar source with the building or site clearly identified

Technology specific information:

For Solar:

  • Shading analysis
  • System output in the form of PV Watts, PV SYS or other
  • One (1) photo of the project location taken from the south looking north toward the building or site

For Wind:

  • FAA filing
  • Proof that project is permissible within jurisdictional authority
  • Detailed system output in kWh forecasted for the project

For Hydro:

  • Detailed system output in kWh forecasted for the project
  • Any other supporting or supplemental information that the Applicant deems relevant for the corporations review and evaluation of the application

 


 
Contact:
  Hannah Morini
Commerce RI
315 Iron Horse Way, Suite 101
Providence, RI 02908
Phone: (401) 278-9100 Ext.135
Fax: (401) 273-8270
E-Mail: Hmorini@commerceri.com
Web Site: www.commerceri.com
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.