Grant Funding Balance Details by Solicitation Period*
January 9, 2017: $2,200,000
April 3, 2017
July 3, 2017
October 2, 2017
*Funding for CY2017 will begin on January 9, 2017. The cap for the year will start at $2,200,000. This is the total amount for all REF programs. An update will be made per solicitation open date. May be subject to change.
The Commerce Corporation Renewable Energy Fund (REF) is dedicated to increasing the role of renewable energy throughout the state. The REF hopes to develop an integrated organizational structure for RI and its citizens to reap the full benefits of the cost-effective renewable energy development from diverse sources.
REF provides grants and loans for renewable energy projects with the potential to make electricity in a cleaner, more sustainable manner, while stimulating job growth in the green technology and energy sectors of Rhode Island’s economy. Using funds from the “system benefit charge” on electric bills and Alternative Compliance Payments, the Commerce Corporation funds renewable energy projects in small-scale solar, commercial development, pre-development feasibility studies, and early stage commercialization.