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Financial Resources for Energy Conservation and Renewable Energy Projects

Financial Resources for Energy Conservation and Renewable Energy Projects. Ralph Dickinson P.E. Dickinson Associates February 17, 2010. Projects - Basics. Define the project FIRST What is scope, size, cost, savings, when, where, how..

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Financial Resources for Energy Conservation and Renewable Energy Projects

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  1. Financial Resources for Energy Conservation and Renewable Energy Projects Ralph Dickinson P.E. Dickinson Associates February 17, 2010

  2. Projects - Basics • Define the project FIRST • What is scope, size, cost, savings, when, where, how.. • Needs to be technically and financially feasible with a viable operational plan • Willing investor/owner/operator • Most of the funds from owner • Investor/owner willing to assume risks, gain the rewards

  3. Conservation and Renewables • Significant resources available for both • Renewables are often more visible and obviously “green” – but have longer paybacks • Conservation is largely “invisible” thus not noticed and not funded extensively until recently. • Different strategies for different customers e.g. residential, commercial or industrial - business vs. government vs. institutional

  4. Funding Approaches • Grants • Often Competitive • Employment metrics • In-kind participation • Rebates • Utilities, MN State • Loans • Government • Bonds • Loan guarantees, subsidized rates • Utilities • Banks, energy service companies • Tax Incentives • Credits and cost deductions • Property and sales tax exemptions • Production Incentives

  5. Websites for Information • http://www.dsireusa.org/ • DOE funded site tracking funding and rebates across the country. • Most current, comprehensive and complete

  6. Federal Government Sites • $26 Billion ARRA funding for smart grid, conservation and renewables – • http://www.whitehouse.gov/issues/energy-and-environment/ • http://energy.gov/ • http://epa.gov • http://energystar.gov • http://hud.gov

  7. What’s New? • Federal - Big $ for energy projects, technologies, innovations • ARRA funded • Multiple pathways, targets, strategies, programs • Most money distributed to states for programs • Energy Efficient Mortgages

  8. http://www.state.mn.us/portal/mn/jsp/home.do?agency=Energy MN site for energy programs and funding Lots of programs and new funding – stimulus related http://www.renewable.state.mn.us/ MN gateway site to multiple state agencies and energy technologies http://www.state.mn.us/mn/externalDocs/Commerce/Stimulus_Funding_Summary_070909040409_StimulusFundingSummary.pdf MN State Websites

  9. What’s New? • State business competitive grants for conservation and renewables ~ 50% • State solar electric & hot water rebates • St Paul Port Authority C&I revolving loan fund • MN Housing Agency – Energy Saver Rebate Program “Fix Up Funds”; rebates and subsidized loans • Energy Star appliance rebates through State ARRA funds – March 2010 • State ground source heat pump rebates

  10. More Information - • For more information: • Office of Energy Security, Minnesota Department of Commerce: www.energy.mn.gov • Database of State Incentives for Renewables and Efficiency: www.dsireusa.org • US Department of Energy, Energy Efficiency and Renewable Energy: www.eere.energy.gov • US Department of Agriculture, Rural Development: www.rurdev.usda.gov • Internal Revenue Service: www.irs.gov • Minnesota Department of Revenue: www.taxes.state.mn.us • Project ReEnergize: www.projectreenergize.org • Minnesota Housing Finance Agency: www.mnhousing.gov • ENERGY STAR: www.energystar.gov • National Renewable Energy Laboratory: www.nrel.gov

  11. Utility Websites - IOUs • Investor Owned Electric and Natural Gas Utilities • Alliant Energy • Minnesota Energy Resources   Residential programsCommercial programs • CenterPoint Energy  Residential programsBusiness programs • Minnesota Power • Otter Tail Power • Xcel Energy

  12. Utility Websites - Cooperatives • Electric Cooperatives • Great River Energy Electric Cooperative Members: • Dairyland Power Electric Cooperative Members • Minnkota Power

  13. Utility Websites – Municipals • Moorhead Public Service • Shakopee Public Utilities • Southern Minnesota Municipal Power Association Members (Cities): 

  14. Conclusion – • Just look for what you need, want and can use!! • Ralph Dickinson P.E. • Dickinson Associates • rdickinson6881@comcast.net • 651 233 3374

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