Renewable Energy Initiative (Prince Edward Island, Canada)
Last modified on February 12, 2015.
|Place||Prince Edward Island, Canada|
|Applies to States or Provinces||Prince Edward Island, Canada|
|Name||Renewable Energy Initiative (Prince Edward Island, Canada)|
|Policy Category||Financial Incentive|
|Policy Type||Rebate Program|
|Affected Technologies||Biomass/Biogas, Geothermal Electric, Solar Photovoltaics, Wind energy, Biogas|
|Expiration Date||2014-03-31 All funds are currently committed, but applications still being accepted for renewable energy systems|
|Funding Source||Agricultural Flexibility Fund|
|Maximum Incentive||Up to 50% with a maximum of $50,000 for installations per farm unit|
|Program Budget||$7 M (Canada)|
|Program Administrator||PEI Office of Energy Efficiency|
The Renewable Energy Initiative was being offered through the Agricultural Flexibility Fund, a cost-sharing agreement between the Government of Canada and the Province of Prince Edward Island. The Renewable Energy Initiative was an approximate $7 million dollar initiative that allowed Island farmers to pursue opportunities in renewable energy by providing financial assistance towards a farm energy audit and implementation of an on-farm renewable energy system(s).
The purpose of the Renewable Energy Initiative is to demonstrate the potential for on-farm renewable energy to improve farm net income while enhancing environmental sustainability.
Alternative energy sources would provide farmers with some energy independence while improving the agriculture sector's environmental footprint. Renewable energy is perceived as a major opportunity for farms on Prince Edward Island to reduce their input costs. This initiative is part of the overall effort to increase the competitiveness of the agriculture sector.
There were three components to the program: On-Farm Energy Audit (a pre-requisite for Component 2) Implementation of Renewable Energy System(s) Post Energy Audit (compulsory for those that receive funding under Component 2)
|Contact Name||Alf Blanchard|
|Department||PEI Office of Energy and Efficiency|
|Contact Name||P.E.I. Department of Agriculture Information Desk|
|Department||Department of Agriculture|