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Clean Energy Fund Incentives Guilford Energy Forum

Clean Energy Fund Incentives Guilford Energy Forum. Dave Ljungquist Associate Director, Project Development October 22, 2009. Connecticut Clean Energy Fund. Created in 1998, launched in 2000 Funded by a surcharge on electric utility bills

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Clean Energy Fund Incentives Guilford Energy Forum

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  1. Clean Energy Fund IncentivesGuilford Energy Forum Dave Ljungquist Associate Director, Project Development October 22, 2009

  2. Connecticut Clean Energy Fund • Created in 1998, launched in 2000 • Funded by a surcharge on electric utility bills • Mission: The CCEF promotes, develops and invests in clean energy sources for the benefit of Connecticut ratepayers • Vision: Connecticut will lead the nation in achieving a sustainable balance of energy production, economic growth and environmental impact 3

  3. Clean Energy Technologies - Present Solar PV Wind Fuel Cells Biomass Landfill Gas Wave/Tidal Hydro

  4. Clean Energy Technologies - New Ground-Source Heat Pump (Geothermal) Solar Thermal

  5. Funding Sources • Historical funding from surcharge on UI and CL&P electric bill - ~$30M/year • Some additional funding from sale of Renewable Energy Credits (RECs) and foundation grants • New:Regional Greenhouse Gas Initiative (RGGI) – • ~$3M/first 3 quarterly auctions • May be used for Class I Renewables only • New: American Recovery and Reinvestment Act (ARRA) – • $20M • May be used statewide (i.e., not just UI and CL&P) • Funding directed by Governor’s office to specific technologies 3

  6. ARRA Breakdown for CCEF • $8M – Fuel Cells - existing program • $3M – Solar PV – to be divided among existing commercial & residential programs • Backlog of commercial applications will likely exhaust funding • $4M – Solar Thermal – new program to be developed for commercial & residential customers • Launched in October • $5M – Geothermal Ground Source Heat Pumps – new program to be developed for commercial & residential customers • Likely to be launched in December • Incentives may be combined with CEEF program 3

  7. CCEF Fuel Cell Programs – Commercial, Industrial & Institutional Solar Photovoltaic Panels 16 kw UTC PC25 200 kW Solar Hot Water Collectors FuelCell Energy DFC 300 kW

  8. CCEF Fuel Cell Programs • On-Site Renewable DG Program1 • $14M (all commercial, industrial & institutional – CI&I) • Federal: ARRA State Energy Program (SEP)2 • $8M (all CI&I) • Program Rules and Incentives same in both cases: • Up to $2,500/kW • Capped at $4,000,000 1Open only to CL&P and United Illuminating customers 2Open to all Connecticut applicants 8

  9. CCEF Solar Energy Programs • Programs for Solar Technologies: • Solar Rebate Program (Residential PV only) 1 • CT Solar Lease Program (Residential PV only) 1 • Federal: ~ ARRA State Energy Program (SEP)2 • $3M Solar PV (50:50 residential/commercial) • $4M Solar thermal (50:50 residential/commercial) 1Open only to CL&P and United Illuminating customers 2Open to all Connecticut applicants 9

  10. Why is Solar Energy Important? • Oil, coal and uranium reserves ~10.5 Million Terawatt-Hours: • 100 to 150 years of energy remaining at present rates • 15 to 20 years if world matches US consumption • The sun transmits 330 Million Terawatt-Hours of energy per year • Sunpower (average): 120,000 TW • Earth’s needs: 13 TW • Today’s solar cells produce about 10 times the energy needed to make them

  11. Solar PV Facts • 1839 French Scientist Henri Becquerel • 1958 NASA Commercial Application • A High Growth Industry (30% per annum) • USA /CNN / Gallup Poll 91% support clean energy • Works in Connecticut -- Bridgeport has more sunny days than Miami (!) and gets 84% of its insolation

  12. Solar Energy StatesResource – CT is sunnier than you may think!

  13. CCEF Solar PV Programs – Residential SolarHot Water Collectors 16 kw Solar Photovoltaic Panels

  14. CCEF Solar Photovoltaic Programs • Solar Rebate Program (Residential PV only)1 • $1.6M (homeowner direct purchase) • Federal: ~ ARRA State Energy Program (SEP)2 • $1.5M (homeowner direct purchase) • Incentives same in both cases • $1.75 for the first 5kW • $1.25 for the next 5kW • Capped at $15,000 • The rebates, along with federal tax credits, reduce system cost by approximately 40 - 45% 1Open only to CL&P and United Illuminating customers 2Open to all Connecticut applicants 14

  15. Residential Solar PV Rebate • Direct purchase by homeowner • Up to $15,000.00 rebate per household • Up to and including 10 kilowatts on one- to four-family homes • Rebate levels: • Systems up to and including 5 kilowatts • Performance-based rebate up to $1.75 per watt (PTC) for system and installation costs to a maximum of $8,750.00. • Systems greater than 5 kilowatts and up to and including 10 kilowatts • Performance-based rebate up to $1.75 per Watt (PTC) for system and installation costs on the first 5 kW PLUS a performance-based rebate up to $1.25 per watt for the next 5 kW. • The rebates, along with federal tax credits, reduce system cost by approximately 40 - 45% 15

  16. CT Solar Lease Program - Highlights • First state sponsored residential solar leasing program in the United States. • CCEF provides solar rebates as well as lease capital. • No down payment is required. • Low monthly payment, fixed for the entire 15 year period. • Monthly payment for a $45,000 system averages $120/month. • Major eligibility guidelines include: • (1) the homeowners income may not exceed 200% of the median family income in their area and • (2) the homeowner is a customer of CL&P or UI. The homeowner must also have good credit.

  17. CT Solar Lease Program (continued) • 15-year lease with option to extend for another 5 years at lower monthly cost, or purchase system outright, or have it removed • For homeowner customers of CL&P and UI who: • Install qualifying Solar PV systems • Reside in their 1 to 4 family owner-occupied homes • Have a household income of 200% or less of their area’s median income • Meet the credit and debt to income qualifications of the program • CT Solar Leasing, LLC owns the RECs and sets aside for each system owner a portion of REC sale proceeds to use for certain costs • Check it out at: www.ctsolarlease.com

  18. CCEF Solar Thermal Program – Residential and CI&I SolarHot Water Collectors 16 kw Solar Photovoltaic Panels

  19. Solar Thermal • Use sunlight to heat domestic hot water • Typical System Components: • Solar collectors (flat plate or evacuated tube) • Water tank • Rack, plumbing, valves, pumps, etc. • System Considerations: • Demand for DHW (showers, cafeteria) • Building usage (daily, seasonal) • Size to meet 50-80% of DHW needs

  20. CCEF Solar Thermal Program • Federal: ARRA State Energy Program (SEP) • $1.8M for residential projects • $1.8M for commercial/industrial/institutional projects • $0.4 for administration • Incentives: • Residential and for-profit CI&I -- $500 per MMBtu of October-March system output • Not-for-profit -- $900 per MMBtu of October-March system output • Maximum incentive limits: • 1-2 person household - $2,400(capped) • 3-4 person household - $3,600(capped) • 5-6 person household - $4,800(capped) • CI&I for-profit - $50,000 • Not-for-profit and governmental - $82,500 • Open to all Connecticut applicants 20

  21. Project Eligibility • Installation site must be in Connecticut • Domestic hot water only (Federal rule – no pools, CCEF rule – no space heating ) • Minimum: 50% Solar Fraction based on estimated usage • Target: 70% Solar Fraction • Maximum: 80% Solar Fraction (unless specifically designed for no excess heat production in summer) • Roof must have 15+ years of life left, if roof-mounted • All designs over 30 MMBtu/year must be stamped by P.E. (unless SRCC OG300 design)

  22. CCEF Ground Source Heat Pump Program – Residential and CI&I Commercial System SolarHot Water Collectors Residential Dual-Unit System 16 kw

  23. CCEF Ground Source Heat Pump Program • Federal: ARRA State Energy Program (SEP) • $2.25M for residential projects • $2.25M for commercial/industrial/institutional projects • $0.5 for administration • Incentives: • Residential (new construction) -- $1,200 per ton of air-conditioning capacity • Residential (retrofits of existing building) -- $2,000 per ton • CI&I for-profit -- $1,200 per ton • CI&I not-for-profit -- $2,000 per ton • Maximum incentive limits: • Residential – 6 tons • CI&I – 100 tons • Open to all Connecticut applicants 23

  24. CCEF OSDG Program – Wind • Up to $4,000,000 in incentives • Projects up to 2,000 kilowatts • Up to $3.60 per Watt (most are much lower) • Incented size limited to site’s peak demand • Pays 20-50% of total system cost • Benefits: • Stabilize a portion of electric bill • Reduce greenhouse gas emissions • Can provide emergency power w/ battery backup • Limitations: • Generation is unpredictable and variable • Must have adequate wind resource (12 mph average) • Zoning restrictions may prevent siting • Wind resources in CT are limited (fair on coastline and some ridgelines) NorthWind 100 kW Wind Turbine

  25. The Application Process • Non-competitive (first come, first served) • Information and application forms are on-line • Process steps include: • Application evaluation by staff • Calculation of the incentive amount • Approval of the incentive (staff or CCEF Board) • Notification of incentive award • Verification of successful installation • Payment of incentive! • See our website!! www.ctcleanenergy.com

  26. Visit us online www.ctcleanenergy.com 200 Corporate Place, 3rd Floor Rocky Hill, CT 06067 (860) 563-0015 Dave Ljungquist Rick Ross Angela Perondi-Pitel Bill Colonis Christin Cifaldi

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