DER, DER, Project Development, Solar

Guide Details Incentives Offered for Renewable Energy

A firm in Boston has compiled a guidebook to provide an extensive listing and description of government and utility funds and incentives that support the development of renewable energy, distributed generation, and energy efficiency.

BOSTON, Massachusetts – EFI produced its ‘Guidebook of Funds and Incentives for Distributed Energy Resources’ to meet the need of business owners that are turning to distributed energy resources to protect themselves from strained or expensive power supplies. The Guidebook emphasizes programs available for commercial and industrial applications. “The development of distributed energy resources is widely regarded as crucial to businesses’ growing reliability and power supply needs,” says president Rusi Patel. “EFI’s Guidebook provides a concise yet detailed description of the many government incentives that support the growth of this emerging industry.” Distributed energy refers to electricity generation facilities or energy efficiency technologies that are located close to electric loads and connected directly to the load or the utility grid. Applications include rooftop solar systems, small wind turbines, fuel cells, cogeneration, natural gas-fired microturbines, and energy efficiency. The evolving model of a distributed energy framework is characterized by power that can be transmitted both ways through a network of interconnected large-scale power plants, midsize power plants, and power-generating devices or energy saving measures that scale all the way down to business and residential customers, explains the Guide, Commercial and industrial customers can ensure reliable power supply and benefit economically from the intelligent use of distributed energy. The document describes federal initiatives as well as the system benefits fund in each state, as well as grants and incentives geared toward renewable energy, distributed generation and energy efficiency projects. For each incentive, details are provided on eligible technologies, eligible recipients, application information, and contact sources. The 400 page report costs US$675 and describes more than 200 separate federal and state incentives. EFI is a market research firm specializing in energy and environmental sectors.