Rhode Island Commerce Corporation | Business Financing
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RENEWABLE ENERGY FUND

About REF

CommerceRI’s Renewable Energy Fund (REF) exists to help expand the role of renewable energy throughout Rhode Island, so the state and its citizens can reap the full benefits of cost-effective renewable energy from diverse sources.

REF provides grants for renewable energy projects that have the potential to produce electricity in a cleaner, more sustainable manner, while stimulating job growth in the green technology and energy sectors. Using funds from the “system benefit charge” on electric bills and alternative compliance payments received from retail electricity providers, CommerceRI funds renewable energy projects in Small Scale solar, Commercial Scale, and Community Renewables.

Funding Level Information
Small-Scale (Rounds) Commercial Scale (Rounds)Enrollment DateFunding BudgetRemaining Funds
(as of 5/24/19)
2120June 3, 2019
(Starting at 9:00am)

Small Scale: $510,000

Commercial Scale: $510,000

Total: $1,020,000

Small Scale: $510,000
Commercial Scale: $510,000
N/A21August 5, 2019
(Starting at 9:00am)

Commercial Scale: $584,000

Carport: $1,000,000

Commercial Scale: $584,000

Carport$ 1,000,000

22N/ASept 9, 2019
(Starting at 9:00am)
Small Scale: $600,000Small Scale: $600,000
2322Nov 18, 2019
(Starting at 9:00am)

Small Scale: $600,000

Commercial Scale: $284,000

Total: $884,000

Small Scale: $600,000

Commercial Scale: $284,000

Workforce Development- Clean Energy Internship programFeb 1, 2019Student: March 22, 2019
Company: April 12, 2019
CLOSED
Community RenewablesRolling BasisCloses when cap is reached$600,000
Brownfields Solar PV ProgramRolling BasisCloses when cap is reached$91,590
 
– Rounds will close on the due date or if available funds have been reached.
– Unused funds will go to pending applications or general funds
– Subject to change.
– Subject to availability of funds.

REF Programs

Commercial Scale Projects

Commercial Scale Funding Program Approximate Time Table
All dates are approximate and subject to change.

Rounds
(Blocks)
Enrollment Date Application Due Date
19  January 28, 2019 (Starting at 9:00am)  March 22, 2019
20  June 3, 2019 (Starting at 9:00am)  July 26, 2019
21  August 5, 2019 (Starting at 9:00am)  September 30, 2019

Block Application Documents

Request for Projects
(Please review this document for application instructions)
Funding Flier
Direct Ownership Projects Application

Note: Hard copies are no longer a requirement but holds as an option. Please submit your applications (all sections) via email to REF@commerceri.com

Small Scale Projects

Small Scale Funding Program Approximate Time Table
All dates are approximate and subject to change.

Rounds
(Blocks)
Enrollment Date Application Due Date
20 January 28, 2019 (Starting at 9:00am)  CLOSED
21 June 3, 2019 (Starting at 9:00am)  July 26, 2019
22 September 9, 2019 (Starting at 9:00am)  September 30, 2019

Block Application Documents
Request for Projects
(Please review this document for application instructions)
Funding Flier
Direct Ownership Projects Application
Project Checklist- Excel Template

Note: Hard copies are no longer a requirement but holds as an option. Please submit your applications (all sections) via email to REF@commerceri.com

Community Renewables

The REF seeks to fund Community Renewable projects.

Applications will be accepted as a first come, first served process on a rolling-basis.

Enrollment Date Funding Budget Remaining Funds
(as of 2/1/19)
Open- Rolling Basis $600,000 $600,000

 

Note: Hard copies are not requirement but holds as an option. Please submit your applications (all sections) via email to REF@commerceri.com.

Request for Projects icon-pdf

Application icon-pdf

Clean Energy Internship Program- Summer 2019

The Renewable Energy Fund (REF) and the RI Office of Energy Resources (OER) seeks to match clean energy companies with RI undergraduate and graduate interns for the summer of 2019.

Rhode Island’s clean energy industry has seen significant employment growth with an impressive 72% increase since 2014. Over 15,800 green jobs ranging from direct construction, engineering, research, policy, professional services, energy efficiency and more! The RI Clean Energy Internship Program is designed to help provide internship opportunities in these careers. Students will be able to professionally develop under the mentorship of an industry partner to combat real world problems in energy and the environment.

 

Learn how to apply by choosing the options below:

  1. Are you a student interested in becoming a Clean Energy Intern for the summer of 2019?
  2. Do you have a Clean Energy company and are looking for interns for the summer of 2019?

For Frequently Asked Questions: Please click HERE

 

Brownfields Solar PV Program

The Rhode Island Commerce Corporation (RI Commerce) and the Rhode Island Office of Energy Resources (OER) seeks to fund solar PV on Brownfield locations. All projects must be in accordance with the Rules and Regulations for the Renewable Energy Fund Development Program.

Applications will be accepted as a first come, first served process on a rolling-basis until funding is exhausted.

Enrollment Date Funding Budget Remaining Funds
(as of 5/24/19)
Open- Rolling Basis $1,000,000 $91,590

 

Note: Hard copies are not requirement but holds as an option. Please submit your applications (all sections) via email to REF@commerceri.com.

Request for Projects Document

Application

Frequently Asked Questions

View the E-Book

    Renewable Energy

    Learn more about Rhode Island Renewable Energy & Energy Efficiency Programs.

    Download the EBook 

    Financial Information

    CONTACT
    US TODAY

    Annie Ratanasim REF Program Manager
    Annie Ratanasim

    REF Program Manager

    REF EDUCATIONAL
    MATERIALS

    Rooftop Solar Financing 101

    REF EDUCATIONAL
    MATERIALS

    Choosing a Solar Installer

    REF EDUCATIONAL
    MATERIALS

    Will Solar Panels Save You Money?

    CONTACT
    US TODAY

    Annie Ratanasim
    Annie Ratanasim

    YOUR BUSINESS ADVISOR

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