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Clean Energy Development Fund (CEDF) (Vermont)
DSIRE/DtAdd 2006-07-27  +
DSIRE/Id VT06R  +
DSIRE/LstUpdt November 28, 2012  +
EZFeed/Relevant Yes  +
Incentive/Active true  +
Incentive/ApplDsc Agricultural  + , Commercial  + , Industrial  + , Institutional  + , Nonprofit  + , Residential  + , Schools  +
Incentive/Auth2Code H.B. 781 (Act 162)  +
Incentive/Auth2DtEff 2013-05-01  +
Incentive/Auth2DtEnact 2012-05-17  +
Incentive/Auth2Link http://www.leg.state.vt.us/docs/2012/Acts/ACT162.pdf  +
Incentive/AuthCode 10 V.S.A. § 8015  +
Incentive/AuthDtEff 2005-07-01  +
Incentive/AuthDtEnact 6/21/2005 (subsequently amended)  +
Incentive/AuthLink http://www.leg.state.vt.us/statutes/fullsection.cfm?Title=30&Chapter=089&Section=08015  +
Incentive/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)<br /> Additional money through the American Recovery and Reinvestment Act  +
Incentive/ContAddr 112 State Street, Drawer 20  +
Incentive/ContDept Vermont Department of Public Service  +
Incentive/ContDiv Clean Energy Development Fund  +
Incentive/ContEmail Andrew.perchlik@state.vt.us  +
Incentive/ContName Andrew Perchlik  +
Incentive/ContPhone (802) 828-4017  +
Incentive/ContPlace Montpelier, Vermont  +
Incentive/ContWebsite http://www.state.vt.us/psd  +
Incentive/ContZip 05620-2601  +
Incentive/DsireLstSubModSummaryUpdt June 4, 2012  +
Incentive/DsireSyncDate 2011-04-30 20:07:23  +
Incentive/EnergyCat Energy Efficiency Incentive Programs  + , Renewable Energy Incentive Programs  +
Incentive/ImplSector State/Territory  +
Incentive/Name Clean Energy Development Fund (CEDF)  +
Incentive/Summary <b><i>NOTE: The Vermont Clean
<b><i>NOTE: The Vermont Clean Energy Development Fund has issued its [http://publicservicedept.vermont.gov/sites/psd/files/Topics/Renewable_Energy/CEDF/Reports/CEDF%20Strategic%20Plan-public%20review%20draft.pdf Five Year Strategic Plan]. See the [http://publicservicedept.vermont.gov/topics/renewable_energy/cedf/reports#strategic_plan web site] for details.</i></b> 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 [http://publicservicedept.vermont.gov/sites/psd/files/Topics/Renewable_Energy/CEDF/Reports/CEDF%20Strategic%20Plan.pdf 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 [http://publicservicedept.vermont.gov/sites/psd/files/Topics/Renewable_Energy/CEDF/Reports/FY%202011%20CEDF%20Annual%20Report_FINAL.pdf CEDF's 2011 Annual Report] is a comprehensive review of the fund's history as well as 2011 activity.
e fund's history as well as 2011 activity.  +
Incentive/TechDsc Comprehensive Measures/Whole Building + , Anaerobic Digestion + , Biomass + , CHP/Cogeneration + , Fuel Cells + , Geothermal Electric + , Ground Source Heat Pumps + , Photovoltaics + , Small Hydroelectric + , Solar Space Heat + , Solar Thermal Electric + , Solar Thermal Process Heat + , Solar Water Heat + , Wind +
Incentive/TechDscOther Other Efficiency Measures (not specified)  + , Emerging Energy-Efficient Technologies  +
Incentive/Type Public Benefits Fund +
Incentive/Types Renewables, energy efficiency  +
OpenEI/PageDescription Clean Energy Development Fund (CEDF): energy incentive program.  +
OpenEI/PageKeyword Energy Incentives  + , Vermont  + , Public Benefits Fund  +
Place Vermont: Energy Resources +
Website http://publicservicedept.vermont.gov/topics/renewable_energy/cedf  +
Categories Rules Regulations Policies Incentive Programs , Incentive with Contacts , Incentive with Authorities
Modification date
"Modification date" is a predefined property that corresponds to the date of the last modification of a subject and is provided by Semantic MediaWiki.
15:00:09, 12 February 2015  +
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