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Virginia

Virginia

Incentives/Policies for Energy Efficiency

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Clean Energy Manufacturing Incentive Grant Program   

Last DSIRE Review: 04/22/2013
Program Overview:
State: Virginia
Incentive Type: Industry Recruitment/Support
Eligible Efficiency Technologies: Unspecified Technologies
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Electric, Fuel Cells, Geothermal Heat Pumps, Municipal Solid Waste, CHP/Cogeneration, Nuclear, Solar Pool Heating, Small Hydroelectric, Tidal Energy, Wave Energy, Renewable Fuels, Ethanol, Biodiesel, Fuel Cells using Renewable Fuels, Geothermal Direct-Use
Applicable Sectors: Commercial, Industrial
Maximum Incentive:Aggregate amount of grants awarded and outstanding at any time cannot exceed $36 million
Terms:6 years maximum
Program Budget:$36,000,000
Authority 1:
Date Enacted:
Va. Code ยง 59.1-284.25 et seq.
04/06/2011
Summary:

In April 2011, Virginia created the Clean Energy Manufacturing Incentive Grant Program. The program is meant to replace the Solar Photovoltaic Manufacturing Incentive Grant Program and the Biofuels Production Incentive Grant Program, which will be phased out by 2013 and 2017, respectively. Money is appropriated to the fund at the discretion of the General Assembly.

"Clean energy manufacturer" is defined as a biofuel producer, a manufacturer of renewable energy or nuclear equipment/products, or "products used for energy conservation, storage, or grid efficiency purposes." Renewable energy is defined in the statutes (§ 56-576) to include solar, wind, hydro, biomass, waste energy, municipal solid waste, wave, tidal, and geothermal. It may also include thermal or electric energy from biomass co-firing facilities. Public service corporations are not eligible for the grants.

A clean energy manufacturer can receive a grant for up to six years if it:

  • Begins or expands its operations in Virginia on or after July 1, 2011
  • Makes a capital investment of more than $50 million in Virginia on or after July 1, 2011
  • Creates 200 or more new full-time jobs on or after July 1, 2011
  • Enters a memorandum of understanding setting forth the requirements for capital investment and the creation of new full-time jobs

The governor may reduce the capital investment and full-time job minimums if the manufacturer is located in an area with an unemployment rate of 1.25 times the statewide average unemployment rate of the previous year. For wind manufacturers, the capital investment minimum is $10 million and the job minimum is 30.

Full guidelines for the Clean Energy Manufacturing Incentive Grant Program can be found  here.

The state will begin awarding grants on July 1, 2012.


 
Contact:
  Virginia Department of Taxation
Post Office Box 1115
Richmond, VA 23218
Phone: (804) 367-8031
Phone 2: (804) 786-2992
Fax: (804) 254-6113
Web Site: http://www.tax.virginia.gov/
 
  Virginia Department of Mines, Minerals, and Energy
Virginia Division of Energy
Washington Building
1100 Bank Street, 8th floor
Richmond, VA 23219-3638
Phone: (804) 692-3218
Fax: (804) 692-3238
Web Site: http://www.dmme.virginia.gov/divisionenergy.shtml
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.