Related Renewable Energy Programs
State Financial Incentives for Renewable Energy
Information about state level renewable energy incentives, such as personal tax credits and grant programs, can be found at the Database of State Incentives for Renewables & Efficiency (DSIRE) web site: https://www.dsireusa.org/.
U.S. Department of Energy Loan Guarantee Program
The U.S. Department of Energy's Loan Guarantee Program paves the way for federal support of clean energy projects that use innovative technologies, and spurs further investment in these advanced technologies. Established under Title XVII of the Energy Policy Act of 2005, the Secretary of Energy is authorized to make loan guarantees to qualified projects in the belief that accelerated commercial use of these new or improved technologies will help to sustain economic growth, yield environmental benefits, and produce a more stable and secure energy supply.
- Press Release: Obama Administration Announces Billions in Lending Authority for Renewable Energy Projects and to Modernize the Grid (July 29, 2009)
- Loan Guarantee Solicitation for Innovative Energy Efficiency, Renewable Energy and Advanced Transmission and Distribution Technologies (July 29, 2009)
Renewable Energy Production Incentive (REPI)
The Renewable Energy Production Incentive (REPI) provides financial incentive payments for electricity produced and sold by new qualifying renewable energy generation facilities. Qualifying facilities are eligible for annual incentive payments of 1.5 cents per kilowatt-hour (1993 dollars and indexed for inflation) for the first ten year period of their operation, subject to the availability of annual appropriations in each federal fiscal year of operation. Qualifying facilities must use solar, wind, geothermal (with certain restrictions as contained in the rulemaking), or biomass (except for municipal solid waste combustion), landfill gas, livestock methane, and ocean (including tidal, wave, current, and thermal) generation technologies. Fuel cells using hydrogen derived from eligible biomass facilities are also considered an eligible technology.
Tribal Energy Program Grant
The Tribal Energy Program, under the Department of Energy's (DOE's) Office of Energy Efficiency and Renewable Energy, provides financial and technical assistance to tribes for feasibility studies and shares the cost of implementing sustainable renewable energy installations on tribal lands. This program promotes tribal energy self-sufficiency and fosters employment and economic development on America's tribal lands.
USDA Renewable Energy Systems and Energy Efficiency Improvements Program
The Renewable Energy and Energy Efficiency loan and grant program was established under Section 9006 of the 2002 Farm Bill. It provides loan guarantees and grants to agricultural producers and rural small businesses for the purchase and installation of renewable energy systems or for energy efficiency improvements.
Loan guarantees cover up to 50 percent of a project's cost, not to exceed $10 million. Grants are available for up to 25 percent of a project's cost, not to exceed $250,000 for energy efficiency improvements and $500,000 for renewable energy systems. These loans and grants are expected to reduce greenhouse gas emissions by 0.97 million metric tons, replace 821 million barrels of foreign oil and generate almost 2 million kilowatt hours of electricity annually. USDA has funded more than 800 loans and grants since the renewable energy program began in FY 2003.