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 http://commerceri.com/ri-rebounds/energy-efficiency. Businesses with questions about the program are encouraged to reach out to (401) 521 – HELP or email info@commerceri.com.
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