Advanced Energy Fund

July 26, 2021

Summary

The Advanced Energy Fund is a public benefit fund administered by the Ohio Development Services Agency. The Advanced Energy Fund is not currently being actively lent. Instead, the Advanced Energy Loan fund assets are used to fill other actively lending funds such as the Energy Loan Fund. Energize Ohio is a compilation of state programs that works to promote energy incentives, find programs to meet your needs at their site.

Ohio's Advanced Energy Fund was originally authorized by the state's 1999 electric restructuring legislation. The Fund supports the Advanced Energy Program, which at different times has provided grants for renewable energy and energy efficiency projects to different economic sectors. Grant and loan funds are awarded through periodic Notices of Funding Availability (NOFAs) which may each focus on specific technologies or economic sectors.

In 2012, S.B. 315 transferred funds from the Advanced Energy Research and Development Taxable Fund and the Advanced Energy Research and Development Fund to the Advanced Energy Fund and allowed the Advanced Energy Fund to award loans in addition to grants. Additional income may accrue to the Advanced Energy Fund from alternative compliance payments (ACPs) associated with Ohio's Alternative Energy Portfolio Standard or Energy Efficiency Portfolio Standard, but historically the vast majority of utilities have met compliance goals, thus negating the need for an alternative compliance payment.

Ohio's 1999 restructuring legislation also created the Public Benefits Advisory Board, a multi-stakeholder panel that assists the ODSA in administering the Fund, and the Universal Service Board. The ODSA collaborates with the Public Utilities Commission of Ohio to design and develop energy programs. Incentives are available to residents, low-income housing developers, businesses, industry, local governments, schools, nonprofits and farms. Participation in the Fund by electric cooperatives and municipal utilities is voluntary. Because no electric cooperatives or municipal utilities are participating, customers of these utilities are not eligible for Fund incentives. For information on current opportunities please consult the program web site.

Program Overview

Implementing Sector:	State
Category:	Regulatory Policy
State:	Ohio
Incentive Type:	Public Benefits Fund
Web Site:	http://development.ohio.gov/bs/bs_renewenergy.htm
Administrator:
Start Date:
Eligible Renewable/Other Technologies:	Solar Water Heat Solar Space Heat Geothermal Electric Solar Thermal Electric Solar Photovoltaics Wind (All) Biomass Hydroelectric Municipal Solid Waste Combined Heat & Power Fuel Cells using Non-Renewable Fuels Landfill Gas Yes; specific technologies not identified Wind (Small) Fuel Cells using Renewable Fuels Microturbines
Types:	Renewables, energy efficiency, distributed energy

Authorities

Name:	ORC 4928.61 et seq.
Effective Date:	10/05/1999
Expiration Date:	12/31/2010

Name:	S.B. 315
Date Enacted:	06/11/2012
Effective Date:	09/10/2012

Name:

Ohio Revised Code Title 37 3706.28

Contact

Name:	Judy Pacifico
Organization:	Ohio Department of Development
Address:	77 South High Street, 26th Floor Columbus OH 43216-1001
Phone:	(614) 387-2732
Email:	aef@development.ohio.gov

Organization:	Ohio Department of Development
Address:	77 South High Street, 26th Floor Columbus, OH OH 43216-1001
Phone:	((86) 6) -728-

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.

Advanced Energy Fund

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