The Rhode Island Commerce Corporation (Commerce RI) seeks to fund commercial scale renewable energy projects generating 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).
Eligibility
Any legal business entity, municipality, non-profit, and affordable housing are eligible for funding. All projects must be located on Rhode Island and must be used for on-site consumption. Grants are available for electricity-generating renewable-energy systems greater than 10 kilowatts (kW). Eligible technologies include solar, wind, ocean, small hydro, biomass, and fuel cells. Customers participating in the RE Growth Program offered by National Grid are not eligible for the program.
Program description
Incentive amounts are as follows:
| Direct Ownership | System Size | |
|---|---|---|
| $0.70/W | For the first 0-50kW | |
| $0.40/W | For the 2nd 50kW (up to 100 kW) | |
| $0.30/W | For the 3rd 50 kW (up to 150 kW) | |
| $0.20/W | For the 4th 50 kW (up to 151 kW and up) | |
| Maximum $75,000/project, $150,000/cap/block/installer |
| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Rhode Island |
| Incentive Type: | Grant Program |
| Web Site: | http://commerceri.com/finance-business/renewable-energy-fund/commercial-scale-projects/ |
| Administrator: | Commerce RI |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
|
| Incentive Amount: |
For Direct Ownership Systems $0.70/W For the first 0-50kW $0.40/W For the 2nd 50kW (Up to 100kW) $0.30/W For the 3rd 50kW (up to 150kW) $0.20/W For the 4th 50kW (up to 151 kW and up) Solar Carport Adder: $0.55/W Energy Storage Adder: $0.50/W |
| Maximum Incentive: |
Without Solar Carport Adder: $75,000/project, $150,000/cap/block/installer With Solar Carport Adder: $200,000/project, $600,000/cap/block/installer Energy Storage Adder: $40,000/project |
| Installation Requirements: |
Varies with technology |
| Name: | RIGL §42-64-13.2 |
| Name: | Renewable Energy Fund Commercial-Scale Program |
| Organization: | Rhode Island Commerce Corporation |
| Address: |
|
| Phone: | (140) 127-8919 |
| Email: | REF@commerceri.com |
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.
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