This document provides an overview of federal and state subsidies that support renewable energy development in Vermont. It describes various types of subsidies like direct expenditures, tax expenditures, research and development funding, and loans/loan guarantees. It also summarizes specific subsidy programs in Vermont, including the Standard Offer Program, Clean Energy Development Fund, and Small Scale Renewable Energy Incentive Program. Finally, it provides data on federal funding that has supported renewable energy projects in Vermont through programs like the American Recovery and Reinvestment Act.
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This document is a final project for a World Bank course (name as: Unlocking Investment and Finance in Emerging Markets and Developing Economies (EMDEs), it is a hypothetical finance and investment strategy in the electricity domain in Cameroon. the target audience is the learning communities of the above mention course.
State and Regional Industrial Energy EfficiencyPlanning, Collaboration and Implementation
David Terry, Executive Director
National Association of State Energy Officials (NASEO)
BROADBAND MAPPING/PLANNING - WI STATUS CHECKdaleschultz
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Gary A. Evenson, Administrator
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Public Service Commission
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Lizenzserver im Netzwerk des Kunden erfreuen sich seit Jahren einer gleichbleibenden Beliebtheit. Der Anwender kann seine Lizenzen effektiv nutzen, verwalten und die Benutzung auswerten. Der Software-Hersteller nutzt einen einfachen Prozess für die Lieferung der Lizenzen: Die Lizenzen werden auf dem Lizenzserver aktiviert und können sofort von den Rechnern im Netzwerk verwendet werden.
Aber es gibt Fälle, in denen eine Einzelplatzlizenz auf einem lokalen Rechner oder in einem lokalen Dongle die bessere Lösung ist: beispielsweise wenn die Software auf einer Baustelle verwendet wird und der Mitarbeiter nicht per VPN-Verbindung mit dem Lizenzserver verbunden ist. Auch wenn der Mitarbeiter das aktuelle Projekt im Home-Office weiterbearbeiten möchte, ist eine mobile Lizenz die bessere Wahl.
Wäre es dann nicht wunderbar, wenn der Anwender diese Umwandlung und Übertragung selbständig durchführen könnte? Nehmen Sie am nächsten Webinar zum Thema Ende-zu-Ende-Lizenztransfer teil und verstehen Sie unseren modernisierten, kompletten Prozess vom einen zum anderen Ende.
CodeMeter License Transfer bietet Ihnen mehr als nur das Ausleihen von Lizenzen. CodeMeter License Transfer verbindet eine permanente Ende-zu-Ende-Übertragung einer Lizenz mit dem klassischen Ausleihen von Lizenzen von einem Netzwerkserver. Ein permanenter Lizenztransfer vereinfacht die Aktivierung von Lizenzen auf Maschinen und Anlagen, die noch nicht mit dem Internet verbunden sind. Lizenzen können in diesen Fällen vom Service-Techniker direkt per CmDongle auf die Maschine übertragen werden.
Das Ausleihen von Lizenzen auf einem Netzwerkserver ist mit CodeMeter License Transfer kinderleicht. Ihr Anwender wählt die Lizenz und klickt auf den „Ausleihen“. Die ausleihbare Lizenz ist bereits von Ihnen fertig konfiguriert. Auch die Änderung der Lizenzen auf dem Lizenzserver, während Lizenzen bereits ausgeliehen sind, ist mit CodeMeter möglich. Für den Fall, dass sich der Mitarbeiter bereits außerhalb des Netzwerks befindet, kann ein Administrator die Lizenz auch offline für den Mitarbeiter ausleihen. Die Laufzeit der ausgeliehenen Lizenz kann beliebig zwischen einer Sekunde und einem von Ihnen als Hersteller definierten Maximalwert vom Anwender gewählt werden. Nach Ablauf der Laufzeit steht die ausgeliehene Lizenz auf dem Lizenzserver wieder zur Verfügung und kann benutzt werden. Eine vorzeitige Rückgabe und eine vorzeitige Verlängerung sind jederzeit möglich.
Webinar anschauen: https://youtu.be/bv15zcbtu08
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While the politically charged Solyndra case made the headlines, the “real news” is the beginning of the phase-out of several federal support programs, which is going to be a game-changing factor in the field of renewable energy in the US.
1000-1250 words
Table of Contents
Abstract 2
Introduction 3
Organizational analysis 3
Leadership 3
Market 3
Operations 3
Finance 4
Performance 4
Regulatory environment 4
Critical incidents 4
Investment potential 4
Recommendation 4
References 5
Abstract
The goal of this case study is to provide a detailed outline for potential addition into the company’s investment portfolio. The company targeted for potential investment is Pacific Gas and Electric Company or PG&E. Covered herein is the organizational analysis, critical incidents, the company’s investment potential, and recommendations based on findings.
Introduction
PG&E Corporation (PG&E or the company) is an energy-based holding company for Pacific Gas and Electric Company (Pacific Gas and Electric). PG&E subsidiaries provide customers with public utility services, and services relating to the generation of energy, transmission of electricity and natural gas, generation of electricity, and the distribution of energy. The company primarily operates in the US. It is headquartered in San Francisco, California, and employed 21,166 people as on December 31, 2013.Organizational analysisLeadership
PG&E is an energy-based holding company for Pacific Gas and Electric. Pacific Gas and Electric is engaged primarily in the following businesses: electricity and natural gas distribution; electricity generation, procurement, and transmission; and natural gas procurement, transportation, and storage. PG&E operates through two segments: electric and natural gas. The company's strength lies in its strong distribution network in electricity and natural gas segments, which provide it with a competitive edge. However, volatility of the natural gas and electricity markets may adversely impact its financial condition, results of operations, and cash flows.Market
PG&E's subsidiary, Pacific Gas and Electric, has a strong distribution network for the supply of electricity and natural gas. As on December 31, 2013, the company owned approximately 18,115 circuit miles of interconnected transmission lines operated at voltages of 500 kV to 60 kV and transmission substations with a capacity of 62,289 MVA. Pacific Gas and Electric's electricity distribution network consists of approximately 141,000 circuit miles of distribution lines (of which approximately 20% are underground and approximately 80% are overhead), 58 transmission-switching substations, and 603 distribution substations. The strong distribution network provides competitive advantage to the company.Operations
As on December 31, 2013, Pacific Gas and Electric's natural gas system consisted of approximately 42,559 miles of distribution pipelines, over 6,000 miles of backbone and local transmission pipelines, and various storage facilities. Pacific Gas and Electric owns and operates three underground natural gas storage fields connected to its transmission and storage system and has a 25% interest in the new Gill Ranch Storage Field. In addition, three indep.
The projections in the U.S. Energy Information Administration's (EIA's) Annual Energy Outlook 2013 (AEO2013) focus on the factors that shape the U.S. energy system over the long term. Under the assumption that current laws and regulations remain unchanged throughout the projections, the AEO2013 Reference case provides the basis for examination and discussion of energy production, consumption, technology, and market trends and the direction they may take in the future. It also serves as a starting point for analysis of potential changes in energy policies.
The 2009 American Recover and Reinvestment Act (ARRA) promises substantial funding for energy efficiency programs – to the tune of $26 billion – and many in the business of energy efficiency such as TAC are looking for ways to access its funding. In order to educate its employees and partners on the impact of the ARRA, TAC presented an educational webinar in which Callahan addressed the stimulus package, the Obama administration's impact on energy policies, and the role TAC can play in delivering energy related projects.
How cleantech can close the financing gaptonymaull92
The most fundamental element of disruptive business models is financing. the article explores creating, adopting and adapting proven models for new industries.
1. Page 1 of 10
The Vermont Legislative Research Service
http://www.uvm.edu/~vlrs/
Contact: Professor Jack (Anthony) Gierzynski
Anthony.Gierzynski@uvm.edu
517 Old Mill, Burlington, VT 05405-4110
Federal and Vermont State Subsidies for Renewable Energy
Subsidies for renewable energy take many different forms at the federal and state levels. While
some subsidies provide simple per kilowatt-hour incentives, others, such as tax credits,
research and development grants, and loans and loan guarantees, are much more complicated.
Given that a single subsidy program could either influence many types of renewable energies or
focus on a specific sector (small businesses, rural areas, etc.), this report includes subsidies for
renewable energies only, but does not attempt to quantify net subsidies for each renewable
energy type. Data were gathered through online research of state and federal databases and
reports, and the group frequently called contacts found within reports to clarify if Vermont was
a final destination for the subsidy in question. Many subsidy programs that were researched,
particularly those at the federal level, delivered no funding for renewable energy to Vermont,
even if they delivered funding for renewable energy to other states.
National Energy-Specific Subsidies for Fiscal Year 2013
Definitions of Different Subsidy Programs1
Direct expenditures to producers or consumers
These programs provide direct cash outlays which provide a financial benefit to producers or
consumers of energy.
Tax expenditures
At the federal level, these are largely provisions found in the Internal Revenue Code that reduce
the tax liability of firms or individuals who take specified actions that affect energy production,
distribution, transmission, consumption, or conservation. At the state level, the Vermont
Department of Taxes manages various tax credits and exemptions.
1
United States Energy Information Administration, “Direct Federal Financial Interventions and Subsidies in Energy
Year in Fiscal Year 2013,” United States Department of Energy, last modified March 23, 2015,
https://www.eia.gov/analysis/requests/subsidy/.
2. Page 2 of 10
Research and Development
The federal government has an extensive program of funding energy research and
development (R&D) activities aimed at a variety of goals, such as increasing U.S. energy supplies
or improving the efficiency of various energy consumption, production, transformation, and
end-use technologies. R&D programs generally do not directly affect current energy
consumption, production, and prices, but if successful, they could affect future consumption,
production, and prices. Research is a distant source of subsidy, leading to difficulty in ensuring
this report included all money subsidizing Vermont renewables. Therefore, federal research
grants were excluded as subsidies in this report.
Loans and loan guarantees
The federal government provides financial support for certain energy technologies either by
guaranteeing the repayment of loans obtained in the private debt market or by lending money
directly to energy market participants. The Department of Energy (DOE) is authorized to
provide financial support for innovative clean energy technologies that are typically unable to
obtain conventional private financing due to their high technology risks. In addition, eligible
technologies must avoid, reduce, or sequester air pollutants or anthropogenic emissions of
greenhouse gases. The authority to enter into loan guarantees under the Energy Policy Act of
2005 expired on September 30, 2011. The federal government also supports portions of the
electricity industry through loans and loan guarantees made by the U.S. Department of
Agriculture’s Rural Utilities Service (RUS) at interest rates generally below those available to
investor-owned utilities (IOUs).
Table 1 shows the nation-wide quantified energy-specific subsidies and support by type from
the 2013 Fiscal Year. The energy subsidies include: Direct Expenditures to producers or
consumers, Tax Expenditures, Research and Development funding, and Federal Electricity
Programs supporting federal and rural utilities. The energy types receiving subsidies include
coal, refined coal, natural gas and petroleum liquids, nuclear and then six different types of
renewable energy sources (biomass, geothermal, hydropower, solar, wind and other).
3. Page 3 of 10
Table 1: Quantified energy-specific subsidies and support by type, FY 2013 in million
2013 dollars
Beneficiary
Direct
Expenditures
Tax
Expenditures
Research and
Development
Federal
and RUS
Electricity Total
ARRA
Related
2013
Coal 74 769 202 30 1,075 129
Refined Coal
- 10 - - 10 -
Natural Gas
and Petroleum
Liquids
62 2,250 34 - 2,346 4
Nuclear 37 1,109 406 109 1,660 29
Renewables 8,363 5,453 1,051 176 15,043 8,603
Biomass 332 46 251 - 629 369
Geothermal 312 31 2 - 345 312
Hydropower 197 17 10 171 395 216
Solar 2,969 2,076 284 - 5,328 3,137
Wind 4,274 1,614 49 - 5,936 4,334
Other 209 - 380 5 229
Source: United States Energy Information Administration, Direct Federal Financial Interventions and
Subsidies in Energy in Fiscal Year 2013 (United States Department of Energy, 2015), xv,
https://www.eia.gov/analysis/requests/subsidy/pdf/subsidy.pdf.
Federal Subsidies Impacting Vermont Renewable Energy2
Solar Energy Technologies Office of the Department of Energy (SETO of DOE)
Vermont has received federal aid through the SunShot initiative for solar energy funding.
Vermont has won a competitive grant of $150,000 for rooftop Solar PV, which has been
managed by the Clean Energy Development Fund (CEDF).3 The DOE offers many competitive
grants; however, this is the only grant received by Vermont identified in this report.
Energy Efficiency and Conservation Loan Program (EECLP)
Offered by the Rural Utilities Service (RUS) through the US Department of Agriculture (USDA),
EECLP funds can be used for both renewable energy and energy efficiency projects. Efficiency
2
Guide to Federal Financing for Energy Efficiency and Clean Energy Deployment, (United States Department of
Energy, 2014),
http://www.energy.gov/sites/prod/files/2014/10/f18/Federal%20Financing%20Guide%2009%2026%2014.pdf.
3
Andrew Perchlik (Director of Clean Energy Development Fund, Vermont Public Service Board), phone interview
with Evan Leonard, April, 2016.
4. Page 4 of 10
Vermont has applied for RUS funding and in January 2016 received $46 million in federal loan
funds for rooftop solar installations and energy efficiency projects.4
Qualified Energy Conservation Bonds through Department of the Treasury
Vermont has $6.45 million in funding available through this program to be appropriated
towards a variety of uses including renewable energy. As of November 29th 2013, none of that
funding was known to be issued. 5
Recently ended sources of federal subsidy
American Recovery and Reinvestment Act (ARRA)
Between 2009 and 2013, ARRA provided $13.87 million in funding for 1,199 renewable energy
awards and incentives, alongside $2.65 million for combination efficiency, renewable and
planning projects.6 These funds were appropriated through the Energy Efficiency and
Conservation Block Grant program and the State Energy Program of the DOE.
Renewable Energy Production Tax Credit
The Renewable Energy Production Tax Credit offered a 2.3 cent per kilowatt hour (kWh) credit
on wind, closed-loop biomass and geothermal projects, along with a 1.2 cent per kWh credit on
open-loop biomass, small irrigation power, municipal solid waste, qualified hydropower, and
marine and hydrokinetic power. This program ended January 1, 2015.7
4
Vermont Energy Investment Corporation, “VEIC Welcomes USDA Sec. Vilsack for Clean Energy Financing
Announcement,” news release, January 8, 2016, http://eanvt.org/wp-content/uploads/2013/04/VEIC-news-release-
RUS-annoucement-FINAL-.pdf.
5
Qualified Energy Conservation Bonds, (Energy Programs Consortium, 2013), 26,
http://energy.gov/sites/prod/files/2014/06/f16/QECB_memo_12-13-13.pdf.
6
American Recovery and Reinvestment Act Funds Spur Clean Energy Projects in Vermont: A Final Report to the
Vermont Public, (Vermont Public Service Department, 2013), 14,
http://publicservice.vermont.gov/sites/dps/files/documents/Renewable_Energy/CEDF/Reports/ARRA%20Public%2
0Report%20FINAL.pdf.
7
Molly F. Sherlock, The Renewable Electricity Production Tax Credit: In Brief, Congressional Research Service,
R43453, 2015, http://nationalaglawcenter.org/wp-content/uploads/assets/crs/R43453.pdf.
5. Page 5 of 10
Figure 1: ARRA Renewable Energy Projects in Vermont
Source: Molly F. Sherlock, The Renewable Electricity Production Tax Credit: In Brief, Congressional Research
Service, R43453, 2015, http://nationalaglawcenter.org/wp-content/uploads/assets/crs/R43453.pdf.
_____________________________
6. Page 6 of 10
Vermont Government Energy Subsidies and Programs
Green Mountain Power Solar Power Program
Green Mountain Power Solar Power program is a performance-based incentive program that
offers credit to customers with net-metered photovoltaic (PV) systems. In addition to the value
from net metering, customers with a PV system less than 15 kilowatts receive a credit of $0.053
per kilowatt-hour, while those with a PV system of more than 15 kilowatts receive a credit of
$0.043 per kilowatt-hour. The incentive does not have a specified duration or expiration date
and it available to all Green Mountain Power Customers.8
Clean Energy Development Fund (CEDF)
CEDF is a public benefits fund which was established in 2005 to promote the development and
deployment of cost-effective and environmentally sustainable electric power and thermal
resources, primarily renewable energy and combined heat and power (CHP) technologies. The
CEDF is also authorized to support emerging energy-efficient technologies, natural gas vehicles
and/or fueling infrastructure, and electric vehicles and associated charging stations. For the
2015 fiscal year, CEDF had a budget of $5,882,076.9
Vermont Sustainable Energy Loan Fund
The Vermont Sustainable Energy Loan Fund is comprised of four loan programs, three of which
subsidize renewable energy.
The Agricultural Energy Loan Program provides loans to agriculture or forest product-based
companies for renewable energy and energy efficiency projects. The maximum total
amount of loans that can be outstanding to a borrower at any time is $1,355,000. Loans are
provided at variable rates, although fixed rates may be available in some
circumstances. Loan terms are determined on a case-by-case basis, but the maximum loan
term is 20 years.10
The Commercial Energy Loan Program provides loans to businesses for larger renewable
energy and energy efficiency projects, with the maximum loan amount being $2,000,000.
Loans are provided at variable rates, which are adjusted on a quarterly basis. Loan terms
are determined on a case-by-case basis, but the maximum loan term is 20 years.11
8
“Solar FAQ,” Green Mountain Power, last modified 2016,
http://www.greenmountainpower.com/innovative/solar/faqs/.
9
Autumn Proudlove, “Clean Energy Development Fund,” DSIRE, last modified August 4, 2015,
http://programs.dsireusa.org/system/program/detail/1870.
10
Autumn Proudlove, “Agricultural Energy Loan Program,” DSIRE, last modified October 7, 2015,
http://programs.dsireusa.org/system/program/detail/5513.
11
Autumn Proudlove, “Commercial Energy Loan Program,” DSIRE, last modified October 7, 2015,
http://programs.dsireusa.org/system/program/detail/5512.
7. Page 7 of 10
The Small Business Energy Loan Program provides loans to businesses for smaller renewable
energy and energy efficiency projects, with the maximum loan amount being $350,000.
Loans are provided at fixed rates and loan terms are determined on a case-by-case basis,
but the maximum loan term is 10 years with a maximum 15-year amortization.12
Standard Offer Program
The Standard Offer Program is a feed-in tariff program which offers long-term contracts with
fixed standard offer rates to promote the rapid deployment of renewable generation facilities
which have a capacity of 2.2MW or less and were commissioned on or after September 30,
2009. The Standard Offer Program built off of and replaced the original Sustainably Priced
Energy Enterprise Development (SPEED) Program in 2009, which encouraged the development
of renewable energy resources in Vermont as well as the purchase of renewable power by the
state’s electric distribution utilities (name changed in June 2015).13
Investment Tax Credit
The Vermont Department of Taxes offers a personal tax credit program for installations of
renewable energy equipment on business properties. The credit amounts are:
7.2% for solar, fuel cells and small wind placed in service on or before 12/31/2016
2.4% for solar (except hybrid solar lighting) placed in service on or after 12/31/2016
2.4% for microturbines and combined heat and power technologies placed in service on
or before 12/31/2016
2.4% for geothermal indefinitely
Any unused credit may be carried forward for five years.14
Property Assessed Clean Energy (PACE)
PACE is a locally-based Vermont program, meaning that local governments establish PACE
Districts to provide property owners with financing to pay for energy improvements. Over 30
municipalities in Vermont have implemented PACE programs. The amount borrowed is typically
repaid via a special assessment on the property over a period of up to 20 years. Financing
cannot exceed $30,000 or 15% of assessed property value (whichever is less), and the
combined amount of the property assessment and outstanding mortgages may not exceed 90%
of the property value.15
12
Autumn Proudlove, “Small Business Energy Loan Program.” DSIRE, last modified October 7, 2015,
http://programs.dsireusa.org/system/program/detail/5511.
13
Brian Lips, “Standard Offer Program,” DSIRE, last modified February 17, 2015,
http://programs.dsireusa.org/system/program/detail/5680.
14
Autumn Proudlove, “Investment Tax Credit,” DSIRE, last modified June 1, 2015,
http://programs.dsireusa.org/system/program/detail/3428.
15
Autumn Proudlove, “Local Option – Property Assessed Clean Energy,” DSIRE, last modified August 18, 2015,
http://programs.dsireusa.org/system/program/detail/3536.
8. Page 8 of 10
Renewable Energy Systems Sales Tax Exemption
Vermont has a sales tax exemption for renewable energy systems. Specifically, the exemption
applies to systems up to 500 kilowatts that generate electricity using renewable energy
resources, combined heat and power systems up to 20 kilowatts, and to solar water-heating
systems. The exemption is for 100% of the sales tax upon purchase. It applies to both on- and
off-grid systems.16
Uniform Capacity Tax and Exemption for Solar
The Uniform Capacity Tax and Exemption for Solar provides a 100% property tax exemption for
solar PV systems less than or equal to 50 kilowatts. For solar PV systems that are greater than
50 kilowatts, the state provides a uniform $4.00 per kilowatt property tax payment. These
payments apply to the equipment on the land, not the land itself.17
Vermont Small Scale Renewable Energy Incentive Program
Vermont Small Scale Renewable Energy Incentive Program has provided funding to Vermonters
for solar photovoltaic, solar hot water, micro-hydro, and modern wood pellet heating energy
system installations since 2003. A system must be installed by a pre-approved installer to be
eligible for the funding. Applicants have six months to complete solar projects and up to one
year to compete micro-hydro projects. The incentive amount depends on the technology and
the sector (Residential, Commercial, or Special Category, which includes low-income housing,
non-profits, municipalities, and public schools).
Solar Photovoltaic
Special Category: $1.00 per watt of direct current (DC) up to 10 kilowatts or $10,000
As of January 2015, incentives for residential solar PV are no longer offered under this
program.
Solar Hot Water
Residential: $0.40 per kilowatt hour per year, up to $3,000
Commercial: $0.40 per kilowatt hour per year, up to $16,500
Special Category: $0.80 per kilowatt hour per year, up to $45,000
Micro-hydro
Residential and Commercial: $1.75/3 feet per gallon per minute, up to $8,750
Special Category: $3.00/3 feet per gallon per minute, up to $17,500
16
Autumn Proudlove, “Renewable Energy Systems Sales Tax Exemption,” DSIRE, last modified October 14, 2015,
http://programs.dsireusa.org/system/program/detail/44.
17
“Uniform Capacity Tax and Exemption for Solar,” DSIRE, last modified December 1, 2015,
http://programs.dsireusa.org/system/program/detail/5209.
9. Page 9 of 10
Modern Wood Pellet Heating
Residential: $2,000 per unit, up to $4,000 or 50% of the installed cost
o Thermal efficiency adder: $350
o High performance adder: $500 per unit, up to $1,000
Non-residential: $2,000 per unit, up to $4,000 or 50% of the installed cost
o Thermal efficiency adder: $500
o High performance adder: $500 per unit, up to $1,00018
Net Metering
Vermont provides net metering subsidies for its electric customers after the customer has
obtained a Certificate of Public Good from the Vermont Public Service Board. The system
capacity limit is 2.2 megawatts for renewable energy facilities on military property, 20 kilowatts
for micro-CHP systems that use non-renewable fuel, and up to 500 kilowatts for all other
systems that generate electricity using renewable energy sources. It is available on a first-come,
first-serve basis until the cumulative capacity equals 15% of utility’s 1996 peak demand or peak
demand during the most recent calendar year, whichever is greater. In accordance with
legislation passed in 2014, a revised net metering program will be established by January 1,
2017.19
Conclusion
At the federal level, much of the funding for renewable energy has ceased as ARRA has ended.
This will be a significant blow to overall renewable energy subsidies in the state. However, at
the federal level, Vermont can take advantage of the Qualified Energy Conservation Bonds
program, which has millions in unutilized funding. The $46 million in RUS funding awarded to
Efficiency Vermont is an enormous sum, but much of the money will be used for efficiency
projects. It is unclear how much of this funding will be appropriated for renewable energy
projects, but this is the largest influx of funding for the state presented in this paper.
At the state level, the Investment Tax Credit for solar, fuel cells, and small scale wind will drop
from 7.2% at the end of 2016, replaced with a 2.4% credit for solar built in 2017 and after.
Other programs appear to be remaining stable for the foreseeable future. Depending on the
allocation of RUS funds by Efficiency Vermont, the net change in renewable energy subsides
available in the state could either be positive or negative. This information will be available
when Efficiency Vermont has completely filed loan forms with RUS and the Public Service Board
has approved the program. This is anticipated to occur in the second quarter of 2016.
18
Autumn Proudlove, “Small-Scale Renewable Energy Incentive Program,” DSIRE, last modified May 28, 2015,
http://programs.dsireusa.org/system/program/detail/1239.
19
Autumn Proudlove, “Net Metering.” DSIRE, last modified August 4, 2015,
http://programs.dsireusa.org/system/program/detail/41.
10. Page 10 of 10
This report was completed on May 16, 2016 by Laura Felone, Tracy Guion, and Evan Leonard
under the supervision of Professors Jack Gierzynski, Robert Bartlett and Eileen Burgin in
response to a request from Senator MacDonald.
Contact: Professor Jack (Anthony) Gierzynski, 517 Old Mill, The University of Vermont, Burlington, VT 05405,
phone 802-656-7973, email agierzyn@uvm.edu.
Disclaimer: This report has been compiled by undergraduate students at the University of Vermont under the
supervision of Professor Jack (Anthony) Gierzynski, Professor Robert Bartlett and Professor Eileen Burgin. The
material contained in the report does not reflect the official policy of the University of Vermont.