Rebates

Oklahoma enacted S.B. 1787 in 2010, which states that access to the airspace is tied to the ownership of the land and any wind or solar leasing arrangements associated with the airspace must be made with the landowner that owns the land below the air: “No interest in any resource located on a tract of land and solely associated with the production or potential production of wind or solar-generated energy on the tract of land may be severed from the surface estate except that such rights may be leased for a definite term pursuant to the provisions of this act,”

The Agricultural Energy Loan Program (AELP), created through Act 87 in 2013, is administered by the Vermont Agricultural Credit Corporation (VACC). The AELP provides loans to agriculture- or forest-product-based companies for renewable energy and energy efficiency projects. 

The maximum loan amount is $5,000,000, and the percentage of the project funded by VACC is negotiable. Loans are provided at variable rates, although fixed rates may be available in some circumstances; current rates can be found here. Loan terms are determined on a case-by-case basis.

Fees associated with AELP loans include a 1% commitment fee ($5,000 maximum and $250 minimum); a $30

The Commercial Energy Loan Program (CELP), created by Act 87 in 2013, is administered by the Vermont Economic Development Authority (VEDA). The CELP provides loans to businesses for larger renewable energy and energy efficiency projects.

The maximum loan amount is $6,000,000 for the variable option and $500,000 for the fixed rate option, and VEDA is generally limited to 60% of the project cost; and in some cases up to 90% of cost financing (up to $500,000). Loans are provided at variable rates, which are adjusted on a quarterly basis; current rates can be found here. Loan terms are determined on a

The Small Business Energy Loan Program (SBELP), created by Act 87 in 2013, is administered by the Vermont Economic Development Authority (VEDA). The SBELP provides loans to businesses for smaller renewable energy and energy efficiency projects. 

The maximum loan amount is $500,000, and VEDA will fund up to 60% of the project. However, in certain cases, VEDA may provide loans under $50,000 that cover up to 75% of project costs. Loans are provided at fixed rates; current rates can be found here . Loan terms are determined on a case-by-case basis, but the maximum loan term is generally 10 years with a

S.B. 1189 of 2014 established a voluntary Distributed Energy Resource Program. The legislation allows participating utilities to recover costs connected to meeting a 2021 target of 2% aggregate generation capacity from renewable energy sources. Facilities sized between 1 MW and 10 MW will make up 1% of aggregate generation (50% of the total target) while facilities sized under 1 MW will make up another 1% (another 50% of the total target). Twenty five percent of facilities under 1 MW must also be under 20 kW (12.5% of the total target). Renewable energy resources include solar PV, solar thermal, wind, hydroelectric

In April of 2014 H.B. 864 mandated that the Virginia Small Business Financing Authority provide financing for wind and solar projects to small businesses and nonprofits.

The following property tax exemptions for solar facilities are available in Virginia:

100% property tax exemption for the assessed value of equipment and facilities used in:

1. Projects equaling 20 MW or less that serve a public institution of higher education or private college.
2. Projects equaling 5 MW or less.

80% property tax exemption for the assessed value of equipment and facilities used in:

1. Other projects over 5 MW and less than 150 MW. The exemption for projects greater than 20 MW shall not apply to projects upon which the construction begins after January 1, 2024.

The law broadly defines eligible solar

Note: As of January 1, 2021, this incentive is no longer available.

Community solar gardens are classified as locally assessed properties for the purpose of property taxation. H.B. 1101 exempts from property tax the percentage of electricity capacity (AC) of a community solar garden that is attributed to residential subscribers, governmental subscribers, or organizations that already have been granted property tax-exempt status. The property tax exemption is for the tax years beginning on January 1, 2015 and ending before January 1, 2021. 

AB 7586 (The FIT Act) establishes that renewable energy system must be counted as personal/chattel property instead of real property for tax purposes. Renewable energy systems do, however, count as real property for insurance purposes.

PROGRAM OVERVIEW

The primary goal of the NEB program is to provide access to the energy-saving benefits of Distributed Energy Resources to grid-connected customers while ensuring VIWAPA maintains cost recovery for its fixed assets across the grid. While the original NEM program provided an opportunity to establish a solar market in the U.S. Virgin Islands, the rate structure of the program provided incentives that were ultimately deemed overly generous to the consumer. As an alternative, The new NEB program was developed as a balanced compromise between the Utility and individuals who are interested in installing Distributed Energy Resources (such as