State Incentives for Renewable Energy and Energy Efficiency: Public Utilities Commission Programs

1. State Incentives for Renewable Energy and Energy Efficiency:Public Utilities Commission Programs Manchester Community College, April 7th, 2011 Kate Epsen Public Utilities Commission Kate.epsen@puc.nh.gov (603) 271-6018

2. Renewable Energy Fund (REF) • REF was created as a component of the RPS law, HB 873, enacted in 2007 (RSA 362-F:10) • Purpose is to support thermal and electrical renewable energy initiatives • RPS law establishes renewable energy portfolio requirements for electric service providers • Requirements ramp up to 24% by 2025 • Compliance: Renewable Energy Credits (4 Classes) or Alternative Compliance Payments (ACPs) • ACP’s are sole source of revenue for REF

3. REF Revenues • Received annually, July 1, with RPS compliance report from electric providers • Fund revenues in 2008 = $4.48 million • Fund revenues in 2009 = $1.34 million • Fund revenues in 2010 = ???

4. Residential PV/Wind Program Rebate Program for residential generating installations under 5 kW • REF program launched July 2009 • In Sept. 2010 rebate reduced to $1.25/Watt up to $4,500 • Program suspended: now has waiting list

5. Program established April 21, 2010 Residential Solar Hot Water

6. Residential Solar Hot Water (cont.) • 2 rebates offered: • State-funded rebate of $600 - $900, plus • ARRA-funded rebate of $2,000 • Program Budget: $ 1 million • 164 applications requesting total of $374,000 • Funds disbursed: $254,000 • Unspent federal $$ may be revoked

7. Residential wood pellet heating system rebate program • Funded solely with ARRA funds from OEP- $500,000 • Program launched in July • Rebates of up to $6,000 • Applications received: 12 • Pending changes to program • Outdoor boilers

8. Commercial and Industrial PV/SHW rebate program • Program began November 2010 • Program funding: $1 million • Rebates for PV at $1 per watt up to maximum of $50,000 • Rebates for SHW at $.07 per kBtu/year up to maximum of $50,000 • 25 applications requesting $300,000 to date

9. C&I RFP • $1 million available to all renewable energy projects in the C&I sectors • Proposals due May 3 • RFP found here: http://www.puc.nh.gov/Sustainable%20Energy/RFPs.htm • Submit questions to rfp@puc.nh.gov

10. Renewable Energy Credits (RECs) • 1 REC = 1 MWh of eligible renewable energy generation. • RECs are created through the NEPOOL GIS • REC prices fluctuate (by resource class, time) • 3 ways to generate a REC: • NEPOOL market settlement (asset ID) • Adjacent out of state delivery into control area • 3rd party independent verification (behind the meter systems)

11. What else? • Net metering • Expansion of net-metering to systems up to 1 MW • RGGI funds for energy efficiency • Programs include www.NHp4p.com, Retail Merchants Assoc., NH Community Loan Fund, BFA, NHHFA: http://www.puc.nh.gov/Sustainable%20Energy/GHGERF/2010%20Grant%20Awards.html • CORE funding for energy efficiency

12. Thank You Kate Epsen Public Utilities Commission Kate.epsen@puc.nh.gov (603) 271-6018