Financing Wind Energy Projects
Small Wind Incentive Program
The GEO offers a Small Wind Incentive Program to interested partners from utilities, counties and municipalities as an incentive to increase installed renewable energy. In combination with energy efficiency, on-site wind energy is an opportunity for homeowners and small businesses to produce their own electricity and reduce our carbon footprint. Approximately 8 grants of $25,000 will be awarded.
The Small Wind Incentive Program offers matching grants to partners who will administer the rebates to residents and business owners who install small wind turbines. Partners/recipients will be responsible for matching the grant dollar for dollar, and providing the staff support required to administer the rebate program in accordance with GEO’s guidelines.
Once energy efficiency has been optimized; grid-tied, net metered small wind systems offer an option for some to further offset their electricity use. Not only can wind actually send energy back to the grid, but the users are also less susceptible to fluctuations in the price of electricity.
- $25,000 maximum matching grant from GEO - $25,000 or greater match from the recipient is required
- Rebates will be paid for up to 10 kW of installed DC capacity per installation, including systems larger than 10 kW
- Incentive will be $1/watt DC from the partner and $1/watt DC from GEO, totaling $2/watt
- Rebates will not exceed 50% of the total cost of the project, or $10,000
- Wind systems must be grid-tied and net metered by the interconnecting utility. Stand alone systems are not eligible
- Eligibility for the rebate will require demonstration that all cost effective energy efficiency measures have been implemented in order to obtain the highest level of energy performance practical
- All inverters shall be Underwriters Laboratory recognized or equivalent
- All systems shall have a minimum 5-year warranty required on major system components and installation, with the exception of batteries, for which a minimum 2-year warranty is required
For more information, check out the GEO website here.
The Database of State Incentives for Renewables and Efficiency
Established in 1995, the Database of State Incentives for Renewables & Efficiency is an ongoing project of the North Carolina Solar Center and the Interstate Renewable Energy Council (IREC) funded by the U.S. Department of Energy. DSIRE is a comprehensive source of information on state, local, utility, and federal incentives that promote renewable energy and energy efficiency.
Check out the DSIRE site for Colorado incentives here.