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Renewable Energy Fund

REF Programs:

Commercial Scale Projects | Small Scale Projects | Pre-Development Feasibility Studies | Early Stage Commercialization | Community Renewables


Funding Level Information

Submission Period Funding Cap
Remaining Balance
(As of 9/08/2017)
January 9, 2017 $2,200,000 CLOSED
April 3, 2017 $500,000 CLOSED
August 21, 2017 $1,400,000 $268,000 (Small-Scale only)
*This is the total amount for all REF grant programs. An update will be made frequently under the ‘remaining balance’ column. May be subject to change.

Items Updated

  • Updated on 8/25/17
    1. Remaining Balance for the Small-Scale Program only
    2. Commercial-Scale application is currently Closed

About REF

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.

Contact our staff to find out more.

REF Educational Materials

Renewable Energy Fund applicant process

Also, check out these links for further information:

Rules & Regulations effective 1/26/17 | Minimum Technical Requirements

RI OER Renewable Energy Professional Certificates | Solarize RI

CY2016 Financial and Performance ReportCY2015 Financial and Performance ReportCY2014 Financial and Performance Report

Contact Us

Main Contact Information
Main Contact Information To speak with a Commerce Corporation expert, please email us at client.services@commerceri.com. We're happy to assist you.

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