Governor McKee and Rhode Island Commerce Launch New Grant Program to Help Reduce Energy Costs for Small Businesses | Rhode Island Commerce

PROVIDENCE, RI — Today Governor Dan McKee and Rhode Island Commerce announced the launch of the RI Rebounds Energy Efficiency Program – a new grant program to help small businesses reduce their energy costs. The program reimburses small businesses up to $10,000 for energy efficiency measures implemented as the result of an energy assessment or audit. 

 “As a former small business owner, I know firsthand how energy costs affect a business’s bottom line.” said Governor Dan McKee. “Through this program, we are incentivizing a greener and more sustainable business environment in the state, while also providing relief to our small businesses.”  

The program is designed to support small businesses making less than $2 million in gross annual revenue. A total of $600,000 is available to support eligible small business energy efficiency upgrades. Funds can be used to support the purchase of things such as:

  • Insulation
  • Roof top unit controls
  • Electric panel upgrades
  • Ventilation improvements

“The RI Rebounds Energy Efficiency Program isn’t just a grant; it’s a catalyst for small business growth and sustainability,” said Commerce Secretary Liz Tanner. “By making energy efficiency upgrades more attainable, we’re helping businesses reduce costs and paving the way for a cleaner Rhode Island economy.”

Rhode Island Rebounds is a statewide initiative to assist small businesses as well as the hard-hit tourism, hospitality, and event industries impacted by the COVID-19 pandemic.  Since 2022, the RI Rebounds and Minority Business Accelerator programs have supported more than 4,000 small businesses with more than $28 million in direct grants, in-kind support, and technical assistance.

More information is available online at  Businesses with questions about the program are encouraged to reach out to (401) 521 – HELP or email