U.S. Department of Energy - Energy Efficiency and Renewable Energy
EERE Financial Opportunities
Massachusetts and Connecticut Offer Renewable Energy Funding
December 14, 2005
Both Massachusetts and Connecticut are currently accepting
applications for renewable energy funding. The Connecticut Clean
Energy Fund (CCEF) is offering $21 million through its new On-Site
Renewable Distributed Generation (DG) Program, which is designed to
encourage commercial, industrial, and institutional facilities to
install equipment that produces electricity using clean energy
technologies. Approved energy sources include fuel cells, certain
types of hydropower, and wind, solar, and biomass energy. See the
CCEF press release and the Onsite Renewable DG Program Web page.
In contrast, Massachusetts' Renewable Energy Trust is offering
financing for the companies that provide such energy technologies or
services. The Sustainable Energy Economic Development (SEED)
Initiative will provide convertible loans of up to $500,000 to
Massachusetts-based companies that provide products or services
related to energy from fuel cells, solar cells, hydropower, or
biomass, wave, tidal, or wind energy. The loans could also go to
companies that are producing products such as inverters, controls,
switching equipment, storage, and instrumentation for a specific
renewable energy application. Applications are due on January 13th.
See the SEED initiative Web page.