Rhode Island Economic Development Corporation - Renewable Energy Fund

Last updated: August 28, 2018

Program Overview

Implementing Sector:Other
Category:Technical Resource
State:Rhode Island
Incentive Type:Energy Analysis
Web Site:http://commerceri.com/finance-business/renewable-energy-fund/
Administrator:Rhode Island Economic Development Corporation
Start Date:06/23/2015
Eligible Efficiency Technologies:Industrial System / Process Specific, Load Management, Energy Sources

Summary

The Renewable Energy Fund (REF) provides grants and loan opportunities for eligible renewable energy technologies for preliminary feasibility studies as well as direct residential, commercial, and municipal installations. Funding is also offered for new renewable energy business ventures and innovative development. The fund is supported by a surcharge on electric customers' bills. The REF program is currently administered by the Rhode Island Commerce Corporation with the Office of Energy Resources providing assistance in development of the rules and regulations and evaluation of submitted REF applications. The new REF rules and regulations were approved by the Economic Development Corporation Board in December 2012.

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