RENEW Wisconsin Incentive Program Funded Through 2022 (Funding)
The Public Service Commission of Wisconsin reports it plans to allocate approximately $5.5 million in incentives per year for 2019 through 2022 to RENEW Wisconsin's Focus on Energy renewable energy programs. This level of funding is expected incentivize approximately 2,000 homes and perhaps 600 or more businesses and nonprofits over the next four years.
Focus on Energy delivers incentives and education to help utility customers cut energy consumption and save money through energy efficiency and renewable energy technologies and projects.
Specifically, the commission recommendations included:
Allocated approximately $5.5 million per year for renewable energy incentives for 2019-2022.
Established that four sub-markets will be served: residential, small business, mid-sized business, and larger business projects. The mid-sized business program will be new for 2019. Nonprofits and local governments fall into the "business" categories as well;
Allows flexibility to meet market demand in these four sub-markets;
The residential and small business programs will continue to be first-come, first-serve programs. The mid-sized business and large business programs will start out being run through a request-for-proposal process;
A study being conducted on the renewable energy programs may inform improvements to the program when it is completed;
Opportunities to support rural and agricultural communities using $5 million in unspent funds will be explored, with a staff memorandum on possible options to be developed by July 1.
(Source: RENEW Wisconsin, Milwaukee Independent, 13 May, 2018) Contact: RENEW Wisconsin, Tyler Huebner, Executive Director, (608) 255-4044, www.renewwisconsin.org
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Renewable Energy Subsidies Declined in 2016, says EIA (Ind. Report)
Energy Information Administration
The U.S. Energy Information Administration (EIA) is reporting that federal subsidies for renewable energy -- including biofuels for transportation use and renewable generation of electricity -- fell to $6.7 billion in fiscal year (FY) 2016, a 56 pct fall from FY 2013.
Renewable subsidies in FY 2016 were about half the amount for FY 2010 and FY 2013, about $15 billion, as support from the American Recovery and Reinvestment Act of 2009 (ARRA) lessened.
EIA defines subsidies as funds that a government expends or revenue it foregoes to encourage or support certain activities. EIA's report includes direct expenditures, tax expenditures, research and development (R&D), and credit subsidies to recipients of federal loan guarantees.
Tax expenditures provided 80 percent of FY 2016 subsidies for renewables. More than half (51 percent) of the $5.6 billion in renewable tax expenditures went to biofuels which accounted for 77 pct of tax expenditures in FY 2010, but only 31 pct in FY 2013.
(Source: US EIA, Grand Island Independent, 28 April, 2018)
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