Tag Archives: Renewable Energy Grant Money “HOW TO”

Energy-Efficient Mortgages and Financing

Energy-Efficient Mortgages and Financing

The following Web sites offer information on energy-efficient financing programs, including mortgages, home improvement loans, refinancing, and home energy ratings. 

  • Financing an Energy-Efficient Home

    This fact sheet from the Department of Energy features an overview of energy-efficient financing programs from mortgages to home improvement loans.

  • U.S. Department of Housing and Urban Development: Energy-Efficient Mortgage Program

    The Energy-Efficient Mortgage Program is one of many Federal Housing Authority programs that insure mortgage loans to encourage lenders to make mortgage credit available to borrowers, such as first-time homebuyers, who would not otherwise qualify for conventional loans on affordable terms.

  • Energy Ratings and Mortgages

    Energy efficient homes may qualify for mortgages that take into account a home’s efficiency. Residential Energy Services Network (RESNET) provides information on home energy rating systems, energy efficient mortgages, and finding certified energy raters and lenders who know how to process energy efficiency mortgages.

  • Refinancing for Energy-Efficiency Improvements

    An overview of refinancing to make energy efficiency improvements, from the Alliance to Save Energy.

Stay Tuned for updates… with all the news on Budget Cuts by out Elected Politicians…Who Knows what will happen with the Green Clean Energy Initiative?

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Renewable Energy Rebates-Ameren UE-Federal Tax Incentive


Ameren UE Renewable Energy Rebate Program

Recently I was asked:

  • “Why does Ameren UE buy back the electricity created by Renewable Energy System on my House?”

When I directed the question to Ms L.Cosgrove[i] who handles the Local Ameren UE Renewable Energy Department.  She replied:

  • AmerenUE provides the MO Solar Rebate in response to Missourian’s passing Proposition C back in November, 2008[ii],[iii]”

In a nutshell it seems to me that Ameren UE will either have to build Renewable Energy Producing Systems or Purchase the Electricity that is made from Residents and Businesses to comply with the Law.
Which means that Ameren has a Stake in any Renewable Energy Sytem that produces Electricity and is Interconnected utilizing Net Metering to our / their Electircal Grid here in the St Louis Area.
Good News for all those who would like additional Monetary Incentives for Installing RE (Renewable Energy) Systems.
The Ameren Rebate and the Federal Tax Incentive can add up to as much as 2/3 of the cost of the RE System.
Click Here to Contact Scotty if any additional information is needed.

Posted by Scotty  Labels: , , , , , , , ,



[i] Lisa M. Cosgrove | Renewables Specialist  | 1901 Chouteau Avenue, MC 611 | St. Louis, MO 63103
314-554-2649 | fax 314-206-1387 | lcosgrove@ameren.com [ii] See http://www.sos.mo.gov/elections/2008petitions/2008-031.asp for more details.

[iii] 2008 Initiative Petitions
Approved for Circulation in Missouri

Amendment to Chapter 393 of the Revised Statutes of Missouri, Relating to Renewable Energy, version 4, 2008-031

THE PROPOSED AMENDMENT

Be it enacted by the people of the state of Missouri:Chapter 393, RSMo, is amended by repealing sections 393.1020, 393.1025, 393.1030, and 393.1035, and substituting therefor three new sections to be known as sections 393.1020, 393.1025 and 393.1030, to read as follows:393.1020. Sections 393.1025 to 393.1030 shall be known as the Renewable Energy Standard.393.1025. As used in sections 393.1020 to 393.1030, the following terms mean: 1. “Commission”, the public service commission; 2. “Department”, the department of natural resources; 3. “Electric utility”, any electrical corporation as defined by section 386.020; 4. “Renewable energy resources”, electric energy produced from wind, solar thermal sources, photovoltaic cells and panels, dedicated crops grown for energy production, cellulosic agricultural residues, plant residues, methane from landfills or from wastewater treatment, clean and untreated wood such as pallets, hydropower (not including pumped storage) that does not require a new diversion or impoundment of water and that has a nameplate rating of 10 megawatts or less, fuel cells using hydrogen produced by one of the above-named renewable energy sources, and other sources of energy not including nuclear that become available after the effective date of this section and are certified as renewable by rule by the department; and 5. “Renewable energy credit” or “REC”, a tradable certificate of proof that one megawatt-hour of electricity has been generated from renewable energy sources. 393.1030.1. The commission shall, in consultation with the department, prescribe by rule a portfolio requirement for all electric utilities to generate or purchase electricity generated from renewable energy resources. Such portfolio requirement shall provide that electricity from renewable energy resources shall constitute the following portions of each electric utility’s sales: (a) No less than two percent for calendar years 2011 through 2013; (b) No less than five percent for calendar years 2014 through 2017; (c) No less than ten percent for calendar years 2018 through 2020; and (d) No less than fifteen percent in each calendar year beginning in 2021.

At least two percent of each portfolio requirement shall be derived from solar energy. The portfolio requirements shall apply to all power sold to Missouri consumers whether such power is self-generated or purchased from another source in or outside of this state. A utility may comply with the standard in whole or in part by purchasing RECs. Each kilowatt-hour of eligible energy generated in Missouri shall count as 1.25 kilowatt-hours for purposes of compliance. 2. The commission, in consultation with the department and within one year of the effective date of sections 393.1020 to 393.1030, shall select a program for tracking and verifying the trading of renewable energy credits. An unused credit may exist for up to three years from the date of its creation. A credit may be used only once to comply with this act and may not also be used to satisfy any similar non-federal requirement. An electric utility may not use a credit derived from a green pricing program. Certificates from net-metered sources shall initially be owned by the customer-generator.  The… continues on web site


Renewable Energy Funding Sources

Funding Enterprise offers a comprehensive array of funding options for interested developers. Explore the funding options below.

 

Grants

Enterprise offers Planning and Construction, Charrette and Sustainability (http://www.greencommunitiesonline.org/tools/funding/grants) grants to help cover the costs of planning and implementing green components of affordable housing developments, as well as tracking their costs and benefits.

Loans

We offer Predevelopment, and Acquisition Loans (http://www.greencommunitiesonline.org/tools/funding/loans) to support the development of affordable rental and home ownership housing that adheres to Green Communities Criteria.

Low-Income Housing Tax Credit Equity

Competitively priced Low-Income Housing Tax Credit (LIHTC) equity (http://www.greencommunitiesonline.org/tools/funding/housing.asp)to nonprofit and for-profit developers for new construction and/or rehabilitation of affordable rental housing that generally adheres to the Green Communities Criteria.

info provided by: scottscontracting@gmail.com Scott’s Contracting, St Louis, MO info found at:http://www.greencommunitiesonline.org/tools/funding/

US Department of Energy, Renewable Energy Grant Money "HOW TO",

Federal
Incentives/Policies for Renewables & Efficiency
Printable Version
Back
U.S. Department of Energy – Loan Guarantee Program Last DSIRE Review: 10/08/2009
Incentive Type: Federal Loan Program
State: Federal
Eligible Efficiency Technologies: Yes; specific technologies not identified
Eligible Renewable/Other Technologies: Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Wind, Hydroelectric, Renewable Transportation Fuels, Geothermal Electric, Fuel Cells, Manufacturing Facilities, Daylighting, Tidal Energy, Wave Energy, Ocean Thermal, Biodiesel
Applicable Sectors: Commercial, Industrial, Nonprofit, Schools, Local Government, State Government, Agricultural, Institutional, Any non-federal entity
Amount: Varies. Program focuses on projects with total project costs over $25 million.
Max. Limit: None stated
Terms: Full repayment is required over a period not to exceed the lesser of 30 years or 90% of the projected useful life of the physical asset to be financed
Web Site: http://www.lgprogram.energy.gov
Authority 1: 42 USC § 16511 et seq.
Authority 2: 10 CFR 609

Summary:

Innovative Technology Loan Guarantee Program:
Title XVII of the federal Energy Policy Act of 2005 (EPAct 2005) authorized the U.S. Department of Energy (DOE) to issue loan guarantees for projects that “avoid, reduce or sequester air pollutants or anthropogenic emissions of greenhouse gases; and employ new or significantly improved technologies as compared to commercial technologies in service in the United States at the time the guarantee is issued.” The loan guarantee program has been authorized to offer more than $10 billion in loan guarantees for energy efficiency, renewable energy and advanced transmission and distribution projects.

DOE actively promotes projects in three categories: (1) manufacturing projects, (2) stand-alone projects, and (3) large-scale integration projects that may combine multiple eligible renewable energy, energy efficiency and transmission technologies in accordance with a staged development scheme. Under the original authorization, loan guarantees were intended to encourage early commercial use of new or significantly improved technologies in energy projects. The loan guarantee program generally does not support research and development projects.

In July 2009, the U.S. DOE issued a new solicitation for projects that employ innovative energy efficiency, renewable energy, and advanced transmission and distribution technologies. Proposed projects must fit within the criteria for “New or Significantly Improved Technologies” as defined in 10 CFR 609. The solicitation provides for a total of $8.5 billion in funding and is to remain open until that amount is fully obligated. The initial due date for applicants was September 16, 2009.

Temporary Loan Guarantee Program:
The American Recovery and Reinvestment Act of 2009 (ARRA) (H.R. 1), enacted in February 2009, extended the authority of the DOE to issue loan guarantees and appropriated $6 billion for this program. Under this act, the DOE may enter into guarantees until September 30, 2011. The act amended EPAct 2005 by adding a new section defining eligible technologies for new loan guarantees. Eligible projects include renewable energy projects that generate electricity or thermal energy and facilities that manufacture related components, electric power transmission systems, and innovative biofuels projects. Funding for biofuels projects is limited to $500 million. Davis-Bacon wage requirements apply to any project receiving a loan guarantee.

In October 2009, the U.S. DOE issued a new solicitation for traditional renewable energy generation projects. The solicitation is funded with $750 million in ARRA funding and is expected to support as much as $4 to 8 billion in lending to eligible projects. The initial deadline for submissions under this solicitation is November 23, 2009.

Contact:
Public Information – DOE
U.S. Department of Energy
1000 Independence Avenue, SW
Washington , DC 20585-0121
Phone: (202) 586-8336
E-Mail: LGProgram@hq.doe.gov
Web Site: http://www.lgprogram.energy.gov

US Department of Energy, Renewable Energy Grant Money "HOW TO",

Federal
Incentives/Policies for Renewables & Efficiency
Printable Version
Back
U.S. Department of Energy – Loan Guarantee Program Last DSIRE Review: 10/08/2009
Incentive Type: Federal Loan Program
State: Federal
Eligible Efficiency Technologies: Yes; specific technologies not identified
Eligible Renewable/Other Technologies: Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Wind, Hydroelectric, Renewable Transportation Fuels, Geothermal Electric, Fuel Cells, Manufacturing Facilities, Daylighting, Tidal Energy, Wave Energy, Ocean Thermal, Biodiesel
Applicable Sectors: Commercial, Industrial, Nonprofit, Schools, Local Government, State Government, Agricultural, Institutional, Any non-federal entity
Amount: Varies. Program focuses on projects with total project costs over $25 million.
Max. Limit: None stated
Terms: Full repayment is required over a period not to exceed the lesser of 30 years or 90% of the projected useful life of the physical asset to be financed
Web Site: http://www.lgprogram.energy.gov
Authority 1: 42 USC § 16511 et seq.
Authority 2: 10 CFR 609

Summary:

Innovative Technology Loan Guarantee Program:
Title XVII of the federal Energy Policy Act of 2005 (EPAct 2005) authorized the U.S. Department of Energy (DOE) to issue loan guarantees for projects that “avoid, reduce or sequester air pollutants or anthropogenic emissions of greenhouse gases; and employ new or significantly improved technologies as compared to commercial technologies in service in the United States at the time the guarantee is issued.” The loan guarantee program has been authorized to offer more than $10 billion in loan guarantees for energy efficiency, renewable energy and advanced transmission and distribution projects.

DOE actively promotes projects in three categories: (1) manufacturing projects, (2) stand-alone projects, and (3) large-scale integration projects that may combine multiple eligible renewable energy, energy efficiency and transmission technologies in accordance with a staged development scheme. Under the original authorization, loan guarantees were intended to encourage early commercial use of new or significantly improved technologies in energy projects. The loan guarantee program generally does not support research and development projects.

In July 2009, the U.S. DOE issued a new solicitation for projects that employ innovative energy efficiency, renewable energy, and advanced transmission and distribution technologies. Proposed projects must fit within the criteria for “New or Significantly Improved Technologies” as defined in 10 CFR 609. The solicitation provides for a total of $8.5 billion in funding and is to remain open until that amount is fully obligated. The initial due date for applicants was September 16, 2009.

Temporary Loan Guarantee Program:
The American Recovery and Reinvestment Act of 2009 (ARRA) (H.R. 1), enacted in February 2009, extended the authority of the DOE to issue loan guarantees and appropriated $6 billion for this program. Under this act, the DOE may enter into guarantees until September 30, 2011. The act amended EPAct 2005 by adding a new section defining eligible technologies for new loan guarantees. Eligible projects include renewable energy projects that generate electricity or thermal energy and facilities that manufacture related components, electric power transmission systems, and innovative biofuels projects. Funding for biofuels projects is limited to $500 million. Davis-Bacon wage requirements apply to any project receiving a loan guarantee.

In October 2009, the U.S. DOE issued a new solicitation for traditional renewable energy generation projects. The solicitation is funded with $750 million in ARRA funding and is expected to support as much as $4 to 8 billion in lending to eligible projects. The initial deadline for submissions under this solicitation is November 23, 2009.

Contact:
Public Information – DOE
U.S. Department of Energy
1000 Independence Avenue, SW
Washington , DC 20585-0121
Phone: (202) 586-8336
E-Mail: LGProgram@hq.doe.gov
Web Site: http://www.lgprogram.energy.gov

Renewable Energy Grant Money "HOW TO"

September 23, 2009

How To Get Renewable Energy Grant Money from the U.S. Government

Q: How does one go about applying for the new government program that allows a solar, wind project or other specified energy property to receive a cash grant from the U.S. Treasury in lieu of a 30% tax credit? — Michael W., Hartford, CT.

A:

Michael, I’m glad you asked. As someone who recently completed this process, I can tell that there are multiple steps but the process works.

The entire application is online. First, you go to the United States Department of the Treasury’s Application Submission Page for payments in lieu of tax credits for specified energy property. These payments are authorized by Section 1603 of The American Recovery and Reinvestment Act’s tax title signed into law on February 17, 2009.

Once you are on the site, you need to check out the guidance section by clicking the link under the first two paragraphs. For the guidance document, Terms and Conditions, and sample application form, go here.

Here in the guidance section, you will find a complete example of a submission and all of the other material you will need to go ahead.

It is especially important to make sure to then scroll to the bottom of the page to the Important Reminder section. Here you will need to apply for a CCR – a Central Contractor Registration. You must get a CCR number there before you will be allowed to proceed with your application. To apply, you’ll need your DUNS number, your Tax Identification Number (TIN) and various other pieces of information about your business.

Once you have been assigned your CCR, you return to the original submission page, here.

At this point you can pick a username and password from the submission page and proceed to fill in the submission document. You will need:

  • Complete details of the project,
  • Full accounting as to all expenses and
  • A number of other items, which are described in the document

Bear in mind that there is a lot of requested information to fill in, but it is well worth it. If you take it one step at a time you will be fine.

The Obama administration and the U.S. Treasury have, in my opinion, made the government proud. They actually came up with an excellent idea – Cash instead of tax credits – and implemented it quickly and ahead of schedule!

In fact, they promise that after the application has been accepted as complete that they will review the document and pay the grant within 60 days. Sounds fast, doesn’t it? But I am here to tell you the good news. We applied for such a grant for our building, a 550-kW PV system at 60 Shelter Rock in Danbury CT on the first day that the government was accepting applications and we received our grant in the first round of grants via wire transfer in approximately 10 days from start to finish!

I think that my project is a good real world example of the type of new ideas and leadership that the new administration is encouraging to help the renewable energy industry prosper and grow.

If you have a renewable energy project and you’d like some help applying for a grant, feel free to contact me.

Good luck!

Renewable Energy Grant Money "HOW TO"

September 23, 2009

How To Get Renewable Energy Grant Money from the U.S. Government

Q: How does one go about applying for the new government program that allows a solar, wind project or other specified energy property to receive a cash grant from the U.S. Treasury in lieu of a 30% tax credit? — Michael W., Hartford, CT.

A:

Michael, I’m glad you asked. As someone who recently completed this process, I can tell that there are multiple steps but the process works.

The entire application is online. First, you go to the United States Department of the Treasury’s Application Submission Page for payments in lieu of tax credits for specified energy property. These payments are authorized by Section 1603 of The American Recovery and Reinvestment Act’s tax title signed into law on February 17, 2009.

Once you are on the site, you need to check out the guidance section by clicking the link under the first two paragraphs. For the guidance document, Terms and Conditions, and sample application form, go here.

Here in the guidance section, you will find a complete example of a submission and all of the other material you will need to go ahead.

It is especially important to make sure to then scroll to the bottom of the page to the Important Reminder section. Here you will need to apply for a CCR – a Central Contractor Registration. You must get a CCR number there before you will be allowed to proceed with your application. To apply, you’ll need your DUNS number, your Tax Identification Number (TIN) and various other pieces of information about your business.

Once you have been assigned your CCR, you return to the original submission page, here.

At this point you can pick a username and password from the submission page and proceed to fill in the submission document. You will need:

  • Complete details of the project,
  • Full accounting as to all expenses and
  • A number of other items, which are described in the document

Bear in mind that there is a lot of requested information to fill in, but it is well worth it. If you take it one step at a time you will be fine.

The Obama administration and the U.S. Treasury have, in my opinion, made the government proud. They actually came up with an excellent idea – Cash instead of tax credits – and implemented it quickly and ahead of schedule!

In fact, they promise that after the application has been accepted as complete that they will review the document and pay the grant within 60 days. Sounds fast, doesn’t it? But I am here to tell you the good news. We applied for such a grant for our building, a 550-kW PV system at 60 Shelter Rock in Danbury CT on the first day that the government was accepting applications and we received our grant in the first round of grants via wire transfer in approximately 10 days from start to finish!

I think that my project is a good real world example of the type of new ideas and leadership that the new administration is encouraging to help the renewable energy industry prosper and grow.

If you have a renewable energy project and you’d like some help applying for a grant, feel free to contact me.

Good luck!