$1.25 Million for renewable energy projects made available to home and businesses owners

Montpelier, Vermont – The Clean Energy Development Fund (CEDF) announced today that the Clean Energy Development Fund Board has approved the allocation of an additional $1.25 million to support the installation of solar photovoltaic, solar thermal and small wind energy projects for home owners, communities, and businesses across Vermont through the Small Scale Renewable Energy Incentive Program.

The CEDF Board also approved changes to the incentive program design in response to the evolving renewable energy market and comments received from program participants, in order to create more impact and stretch the dollars further. The new funding and program changes are projected to extend the program into early 2013, depending upon the pace of the renewable energy installations qualifying for incentives. Funding for the program and for the CEDF in 2013 is uncertain given the recent lawsuit filed by Entergy challenging the tax legislation that dedicated funding to the CEDF.

The CEDF was created by the legislature in 2005 to increase the development of renewable energy and combined heat and power technologies. The legislature included the incentive program within the CEDF to promote small scale renewable energy investments.

Information about the incentive program may be obtained from the program administrator, the Renewable Energy Resource Center (RERC), a project of the Vermont Energy Investment Corporation (VEIC). RERC’s Toll-free number is: (877) 888-7372

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