Skip Navigation

The U.S. Department of Energy and the North Carolina Clean Energy Technology Center are excited to announce that a new, modernized DSIRE is under construction. The new version of DSIRE will offer significant improvements over the current version, including expanded data accessibility and an array of new tools for site users. The new DSIRE site will be available in December 2014. Staff are currently working hard on the new version of DSIRE but are also maintaining the content of the current version of DSIRE. Thank you for your continued support and patience during this transition. We hope you are as excited for December as we are!

US Department Energy Efficiency and Renewable Energy
IREC North Carolina Solar Center
Home Glossary Links FAQs Contact About Twitter    Facebook
Vermont

Vermont

Incentives/Policies for Energy Efficiency

Printable Version
Clean Energy Development Fund (CEDF)   

Last DSIRE Review: 11/28/2012
Program Overview:
State: Vermont
Incentive Type: Public Benefits Fund
Eligible Efficiency Technologies: CHP/Cogeneration, Comprehensive Measures/Whole Building, Other Efficiency Measures (not specified), Emerging Energy-Efficient Technologies
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Wind, Biomass, Geothermal Electric, Fuel Cells, Geothermal Heat Pumps, CHP/Cogeneration, Anaerobic Digestion, Small Hydroelectric, Fuel Cells using Renewable Fuels
Applicable Sectors: Commercial, Industrial, Residential, Nonprofit, Schools, Agricultural, Institutional
Types:Renewables, energy efficiency
Charge:Approximately $6 million - $7.2 million annually through 2009; $4.5 million in 2010 and an estimated $3.9M for 2011 and 2012 (through March 2012)
Additional money through the American Recovery and Reinvestment Act
Web Site: http://publicservicedept.vermont.gov/topics/renewable_energy/cedf
Authority 1:
Date Enacted:
Date Effective:
10 V.S.A. ยง 8015
6/21/2005 (subsequently amended)
7/1/2005
Authority 2:
Date Enacted:
Date Effective:
H.B. 781 (Act 162)
05/17/2012
05/01/2013
Summary:

NOTE: The Vermont Clean Energy Development Fund has issued its Five Year Strategic Plan. See the web site for details.

Vermont's Clean Energy Development Fund (CEDF) was established in 2005 to promote the development and deployment of cost-effective and environmentally sustainable electric power and thermal energy resources -- primarily renewable energy, combined heat and power (CHP), thermal, and geothermal energy.

From its establishment to 2012, the CEDF has been supported via annual payments from Entergy (which owns the Vermont Yankee nuclear power plant). In return, under terms of two memoranda of understanding between Entergy and the Vermont Department of Public Service (DPS) that expire in March 2012, Entergy is permitted to store its own spent nuclear fuel at the Vermont Yankee. Historically, the CEDF received approximately $7 million from Entergy annually. However, in 2010 the fund received only $4.5 million from Entergy and  approximately $3.9 million in 2011 through the end of the fund (March 2012). Balances in the CEDF are carried forward and may not be used for general obligations of Vermont's government. In addition, the Vermont Recovery and Reinvestment Act mandated that all funding received from the State Energy Program (SEP) and the Energy Efficiency and Conservation Block Grant (EECBG) program from the Federal American Recovery and Reinvestment Act (ARRA) of 2009 be included in CEDF (approximately $31 million in total). Legislation enacted in 2012 authorized $3 million in appropriations from the Vermont general fund to the CEDF as long as the general fund is in the black. That transfer should take place after May 1, 2013.

The CEDF is authorized to support renewable-energy resources, and CHP systems. Eligible renewable-energy systems include photovoltaics; solar-thermal; wind; geothermal heat pumps; farm, landfill and sewer methane recovery; low-emission, advanced biomass; and CHP systems using biomass fuels such as wood, agricultural or food wastes, energy crops and organic refuse-derived waste. (Municipal solid waste is not eligible.) CHP systems must have a design system efficiency of at least 65% and must meet Vermont's air-quality standards in order to qualify. H.B. 781 (June, 2010) authorized the CEDF to support natural gas vehicles and/or fueling infrastructure as well, although no programs have been developed to do so.

The CEDF may be used to support projects that sell power in commercial quantities (especially those projects that sell electricity to Vermont utilities), projects to benefit publicly owned or leased buildings, renewable-energy projects on farms, small-scale renewable energy for homes and businesses, and "effective projects that are not likely to be established in the absence of funding." Super-efficient buildings were included until 2009. The CEDF has provided funding for the Vermont Solar and Small Wind Incentive Program, the CEDF Loan Program, the Business Solar Energy Tax Credits (since expired), the Grant in Lieu of Business Solar Energy Tax Credits (special provision, 2011 only) and the CEDF Grant Program.

The DPS, which originally managed the CEDF, issued a strategic plan for the fund in May 2007. Legislation in 2009 created the Clean Energy Development Board to manage the fund. Legislation in 2011 mandated that the DPS take back administration of the fund, but that Clean Energy Development Board maintans decision-making and approval powers for plans, budgets, and overall program designs and serve in an advisory role on the fund's administration.

The CEDF's 2011 Annual Report is a comprehensive review of the fund's history as well as 2011 activity.

 


 
Contact:
  Andrew Perchlik
Vermont Department of Public Service
Clean Energy Development Fund
112 State Street, Drawer 20
Montpelier, VT 05620-2601
Phone: (802) 828-4017
Fax: (802) 828-2342
E-Mail: Andrew.perchlik@state.vt.us
Web Site: http://www.state.vt.us/psd
NCSU - home
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.