-- Scotts Contracting - StLouis Renewable Energy: Renewable Energy Grant Money "HOW TO"

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Showing posts with label Renewable Energy Grant Money "HOW TO". Show all posts
Showing posts with label Renewable Energy Grant Money "HOW TO". Show all posts

2.19.2010

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 homeownership 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: Scotty@stlouisrenewableenergy.com, Scott's Contracting, St Louis, MO info found at:http://www.greencommunitiesonline.org/tools/funding/

11.11.2009

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

10.02.2009

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!

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