Rhode Island Renewable Energy Fund (RIREF); Alternative Compliance Payments (ACPs)
20% of project funding
The Rhode Island Economic Development Corporation (RIEDC) provides incentives for renewable-energy projects. Incentive programs are funded by the Rhode Island Renewable Energy Fund (RIREF) and alternative compliance payments (ACPs) from the state’s renewable portfolios standard (RPS). Currently, the RIEDC 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) but not greater than 50 kW. Grants will provide 20% of project funding, with a maximum award of $75,000 per individual project. Systems may be installed on businesses, institutions, non-profits, municipality property and affordable housing projects. The deadlines to submit complete applications are March 15, 2013; May 31, 2013; and August 30, 2013.
The following requirements apply to solar-electric projects:
* A shade-analysis demonstrating no more than 20% predicted shading during the hours of one hour after sunrise and one hour before sunset.
* A layout drawing of project.
* A one-line electrical drawing.
* An interconnection application submitted to National Grid.
* Project payback using assumptions stated in the program guidelines
* Manufacturer’s specifications for panels and inverter to be installed.
* A photo of the project location taken from the south looking northward toward the building or site.
* An aerial image of the site from Microsoft Virtual Earth, Google Earth, or similar source with the building or site clearly identified.
Separate requirements apply to wind-energy projects. Funding is also available to support early-stage commercialization and pre-development feasibility studies for renewable-energy projects. See the program rules and regulations for more information.