Renewable Energy Incentive definition

Renewable Energy Incentive means: (i) federal, state, or local tax credits or other tax benefits (such as accelerated depreciation) associated with the construction or ownership of, or production or sale of electricity from, a Project, including any energy tax credits under Section 48 of the Code or any successor provision, production tax credits or governmental payments made in lieu of such tax credits or other benefits, (ii) any federal, state or local grants, rebates, subsidized financing or any other subsidy relating to the renewable energy property of the Company or any Project or the output thereof, and/or (iii) any other form of incentive that is not an Environmental Attribute and that is available with respect to the Company or a Project;
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Renewable Energy Incentive means: (a) federal, state, and local tax credits or other tax incentives associated with the construction, ownership, or production of electricity from the Facility (including Production Tax Credits, credits under Sections 38 and 45 of the Internal Revenue Code as in effect from time to time during the Term and any grants paid in lieu thereof); (b) any federal, state, and local governmental or nongovernmental payments, grants or other negotiable attributes relating in any way to the Facility or the output thereof; and (c) any other form of incentive that is not a Non-Power Attribute or Beneficial Environmental Attribute that is available with respect to the Facility.
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Examples of Renewable Energy Incentive in a sentence

  • To help reach this goal New Jersey created the Office of Clean Energy under the direction of the Board of Public Utilities and instituted a Renewable Energy Incentive Program to provide additional funding to private and public entities for installing qualified renewable technologies.

  • Wind energy production is another option available through the Renewable Energy Incentive Program.

  • The Renewable Energy Incentive Program (REIP) provides incentives for CHP and fuel cell systems that utilize renewable energy as a source of fuel and EDA manages a program for systems greater than 1 MW.

  • The Renewable Energy Incentive Program (REIP) is supported through the Sustainable Energy Trust Fund (SETF), which is funded via a public benefits charge supported by Pepco and Washington Gas.

  • Renewable Energy System Cost Recovery ProgramThe District participates in RCW 82.16.110, 82.16.120, 82.16.130 and 80.16.150, which allows the District to voluntarily administer Renewable Energy Incentive Payments to Net Metering customer and Community Solar customers.

  • The Renewable Energy Incentive Factor for any Year which is a full calendar year is the figure shown in the right hand column of the table below which corresponds with the Renewable Energy Performance, expressed as a percentage, achieved by HEC in respect of that Year determined in accordance with paragraph 12.

  • Renewable EnergyNJCEP is making renewable energy technologies like solar, wind, and biopower more affordable and practical through initiatives such as the Renewable Energy Incentive Program, which provides grants through a competitive solicitation, and the Solar Renewable Energy Certificate Registration Program, which provides energy certificates and long-term financing to solar investors.

  • Docket No. QO14090952 – In the Matter of the Solicitation for Sustainable Biopower Incentives in the Renewable Energy Incentive Program.

  • Please send all materials to: Renewable Energy Incentive Program – Biopower Solicitation New Jersey Clean Energy Programc/o Conservation Services Group 75 Lincoln Highway, Suite 100Iselin, NJ 08830 5.1 Documentation to include in the Application All of the following forms and documents must be included in the Application packet.

  • The Clean Energy Development Fund Small‐Scale Renewable Energy Incentive Program (CEDF SSREIP) has just launched a commercial and institutional‐scale rebate program that make switching at Town facilities an even better deal.16VEIC estimated the financial benefits that would result from switching some of the Town’s facilities to wood heat.

Related to Renewable Energy Incentive

  • Renewable energy means energy derived from sunlight, wind, falling water, biomass, sustainable or

  • Eligible Renewable Energy Resource or “ERR” has the meaning set forth in California Public Utilities Code Section 399.12 and California Public Resources Code Section 25741, as either code provision is amended or supplemented from time to time.

  • Renewable Energy Source means an energy source that is not fossil carbon-based, non- renewable or radioactive, and may include solar, wind, biomass, geothermal, landfill gas, or wave, tidal and thermal ocean technologies, and includes a Certified Renewable Energy Source.

  • Renewable energy resource means a resource that naturally replenishes over a human, not a geological, time frame and that is ultimately derived from solar power, water power, or wind power. Renewable energy resource does not include petroleum, nuclear, natural gas, or coal. A renewable energy resource comes from the sun or from thermal inertia of the earth and minimizes the output of toxic material in the conversion of the energy and includes, but is not limited to, all of the following:

  • Renewable energy resources means energy derived from solar, wind, geothermal, biomass, and hydroelectricity. A fuel cell using hydrogen derived from these eligible resources is also an eligible electric generation technology. Fossil and nuclear fuels and their derivatives are not eligible resources.

  • renewable energy sources means renewable sources such as small hydro, wind, solar including its integration with combined cycle, biomass, bio fuel cogeneration, urban or municipal waste and other such sources as approved by the MNRE;

  • Renewable energy system means a fixture, product, device, or interacting group of fixtures, products, or devices on the customer's side of the meter that use 1 or more renewable energy resources to generate electricity. Renewable energy system includes a biomass stove but does not include an incinerator or digester.

  • Renewable Energy Credit has the meaning set forth in California Public Utilities Code Section 399.12(h) and CPUC Decision 00-00-000, as may be amended from time to time or as further defined or supplemented by Law.

  • Renewable Energy Credits means a certificate, credit, allowance, green tag, or other transferable indicia, howsoever entitled, allocated, assigned or otherwise awarded or certified by any Governmental Authority, program administrator, certification board or similar entity in connection with the production or generation of each MWh of energy from the Project. For the avoidance of doubt, “Renewable Energy Credits” shall not include any ITC, State Renewable Energy Incentives or other tax benefits, credits, or incentives.

  • Renewable energy facility means an electric generation unit or other facility or installation that produces electric energy using a Renewable Energy Source.

  • Renewable energy project means (A) a project

  • Class I renewable energy means electric energy produced from

  • Class II renewable energy means electric energy produced at a

  • Rechargeable Electrical Energy Storage System (REESS) means the rechargeable energy storage system that provides electric energy for electrical propulsion.

  • Renewable Resources means one of the following sources of energy: solar, wind, tidal, geothermal, biomass, hydroelectric facilities or digester gas.

  • Renewable resource means: (a) Water; (b) wind; (c) solar

  • energy service means the physical benefit, utility or good derived from a combination of energy with energy-efficient technology or with action, which may include the operations, maintenance and control necessary to deliver the service, which is delivered on the basis of a contract and in normal circumstances has proven to result in verifiable and measurable or estimable energy efficiency improvement or primary energy savings;

  • Electric generation service means the provision of retail

  • Next Michigan development corporation means that term as defined in section 3 of the next Michigan development act, 2010 PA 275, MCL 125.2953.

  • Energy Storage Resource means a resource capable of receiving electric energy from the grid and storing it for later injection to the grid that participates in the PJM Energy, Capacity and/or Ancillary Services markets as a Market Participant.

  • Hydroelectric energy means water used as the sole source of energy to produce electricity.

  • energy service provider means a natural or legal person who delivers energy services or other energy efficiency improvement measures in a final customer’s facility or premises;

  • CAISO Global Resource ID means the number or name assigned by the CAISO to the CAISO- Approved Meter.

  • Asset Management Plan means a strategic document that states how a group of assets are to be managed over a period of time. The plan describes the characteristics and condition of infrastructure assets, the levels of service expected from them, planned actions to ensure the assets are providing the expected level of service, and financing strategies to implement the planned actions. The plan may use any appropriate format, as long as it includes the information and analysis required to be in a plan as described in Ontario’s Building Together: Guide for Asset Management Plans.

  • energy storage means, in the electricity system, deferring the final use of electricity to a moment later than when it was generated, or the conversion of electrical energy into a form of energy which can be stored, the storing of such energy, and the subsequent reconversion of such energy into electrical energy or use as another energy carrier;

  • mean high water springs or “MHWS” means the highest level which spring tides reach on average over a period of time;