1. State Incentives for Renewable Energy and Energy Efficiency: Public Utilities Commission Programs Manchester Community College, April 7 th, 2011 Kate Epsen Public Utilities Commission Kate.epsen@puc.nh.gov (603) 271-6018 1

2. Renewable Energy Fund (REF) REF was created as a component of the RPS law, HB 873, enacted in 2007 (RSA 362-F:10) Purpose is to support thermal and electrical renewable energy initiatives RPS law establishes renewable energy portfolio requirements for electric service providers Requirements ramp up to 24% by 2025 Compliance: Renewable Energy Credits (4 Classes) or Alternative Compliance Payments (ACPs) ACP’s are sole source of revenue for REF 2

3. REF Revenues Received annually, July 1, with RPS compliance report from electric providers Fund revenues in 2008 = $4.48 million Fund revenues in 2009 = $1.34 million Fund revenues in 2010 = ??? 3

4. Residential PV/Wind Program Rebate Program for residential generating installations under 5 kW REF program launched July 2009 In Sept. 2010 rebate reduced to $1.25/Watt up to $4,500 Program suspended: now has waiting list 4

5. Residential Solar Hot Water 5 Program established April 21, 2010

6. Residential Solar Hot Water (cont.) 2 rebates offered: State-funded rebate of $600 - $900, plus ARRA-funded rebate of $2,000 Program Budget: $ 1 million 164 applications requesting total of $374,000 Funds disbursed: $254,000 Unspent federal $$ may be revoked 6

7. Residential wood pellet heating system rebate program Funded solely with ARRA funds from OEP- $500,000 Program launched in July Rebates of up to $6,000 Applications received: 12 Pending changes to program –Outdoor boilers 7

8. Commercial and Industrial PV/SHW rebate program Program began November 2010 Program funding: $1 million Rebates for PV at $1 per watt up to maximum of $50,000 Rebates for SHW at $.07 per kBtu/year up to maximum of $50,000 25 applications requesting $300,000 to date 8

9. C&I RFP $1 million available to all renewable energy projects in the C&I sectors Proposals due May 3 RFP found here: http://www.puc.nh.gov/Sustainable%20Energy/RFPs.htm http://www.puc.nh.gov/Sustainable%20Energy/RFPs.htm Submit questions to rfp@puc.nh.gov rfp@puc.nh.gov 9

10. Renewable Energy Credits (RECs) 1 REC = 1 MWh of eligible renewable energy generation. RECs are created through the NEPOOL GIS REC prices fluctuate (by resource class, time) 3 ways to generate a REC: –NEPOOL market settlement (asset ID) –Adjacent out of state delivery into control area –3 rd party independent verification (behind the meter systems) 10

11. What else? Net metering –Expansion of net-metering to systems up to 1 MW RGGI funds for energy efficiency –Programs include www.NHp4p.com, Retail Merchants Assoc., NH Community Loan Fund, BFA, NHHFA: http://www.puc.nh.gov/Sustainable%20Energy/GHGERF/2010%20Grant%20Awards.htmlwww.NHp4p.com http://www.puc.nh.gov/Sustainable%20Energy/GHGERF/2010%20Grant%20Awards.html CORE funding for energy efficiency 11

12. Thank You Kate Epsen Public Utilities Commission Kate.epsen@puc.nh.gov (603) 271-6018 12