Clean Energy Manufacturing Incentive Grant Program (Virginia)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Virginia

Name Clean Energy Manufacturing Incentive Grant Program
Incentive Type Industry Recruitment/Support
Applicable Sector Commercial, Industrial
Eligible Technologies Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Electric, Fuel Cells, Geothermal Heat Pumps, Municipal Solid Waste, CHP/Cogeneration, Solar Pool Heating, Small Hydroelectric, Tidal Energy, Wave Energy, Renewable Fuels, Ethanol, Biodiesel, Fuel Cells using Renewable Fuels, Nuclear, Yes; specific technologies not identified
Active Incentive Yes

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs








Start Date 2011-07-01







Maximum Incentive Aggregate amount of grants awarded and outstanding at any time cannot exceed 36 million




Program Budget $36,000,000




Terms 6 years maximum
Program Administrator Virginia Economic Development Partnership Authority

Date added to DSIRE 2011-06-20
Last DSIRE Review 2014-11-06



References DSIRE[1]


Summary

In April 2011, Virginia created the Clean Energy Manufacturing Incentive Grant Program. The program is meant to replace the Solar Photovoltaic Manufacturing Incentive Grant Program and the Biofuels Production Incentive Grant Program, which will be phased out by 2013 and 2017, respectively. Money is appropriated to the fund at the discretion of the General Assembly.


"Clean energy manufacturer" is defined as a biofuel producer, a manufacturer of renewable energy or nuclear equipment/products, or "products used for energy conservation, storage, or grid efficiency purposes." Renewable energy is defined in the statutes (§ 56-576) to include solar, wind, hydro, biomass, waste energy, municipal solid waste, wave, tidal, and geothermal. It may also include thermal or electric energy from biomass co-firing facilities. Public service corporations are not eligible for the grants.


A clean energy manufacturer can receive a grant for up to six years if it:


  • Begins or expands its operations in Virginia on or after July 1, 2011
  • Makes a capital investment of more than $50 million in Virginia on or after July 1, 2011
  • Creates 200 or more new full-time jobs on or after July 1, 2011
  • Enters a memorandum of understanding setting forth the requirements for capital investment and the creation of new full-time jobs

The governor may reduce the capital investment and full-time job minimums if the manufacturer is located in an area with an unemployment rate of 1.25 times the statewide average unemployment rate of the previous year. For wind manufacturers, the capital investment minimum is $10 million and the job minimum is 30.


Full guidelines for the Clean Energy Manufacturing Incentive Grant Program can be found here.


The state will begin awarding grants on July 1, 2012.


Incentive Contact

Department Virginia Department of Taxation

Address Post Office Box 1115

Place Richmond, Virginia
Zip/Postal Code 23218
Phone (804) 367-8031
Phone 2 (804) 786-2992


Website http://www.tax.virginia.gov/
Department Virginia Department of Mines, Minerals, and Energy
Division Virginia Division of Energy
Address Washington Building
Address 2 1100 Bank Street, 8th floor
Place Richmond, Virginia
Zip/Postal Code 23219-3638
Phone (804) 692-3218



Website http://www.dmme.virginia.gov/divisionenergy.shtml
     

Authorities (Please contact the if there are any file problems.)

Authority 1: Va. Code § 59.1-284.25 et seq.

Date Enacted 2011-04-06



















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency"