Clean Energy Development Fund (CEDF)
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In 2005, the Vermont General Assembly established the Vermont Clean Energy Development Fund (CEDF) through Act 74 (30 V.S.A. § 8015). The Act specifies that the Fund will be established and funded through proceeds due to the state under the terms of two Memoranda of Understanding between the Vermont Public Service Department (PSD) and Entergy Nuclear VT and Entergy Nuclear Operations, Inc., and by any other monies that may be appropriated to or deposited into the Fund. The CEDF received payments from Entergy through 2012.
The goal of the Fund is to increase the development and deployment of cost-effective and environmentally sustainable electric power resources – primarily with respect to renewable energy resources, and the use of combined heat and power technologies - in Vermont.
June 10, 2013
The Public Service Department (PSD) provides for public comment draft changes to the Clean Energy Development Fund’s (CEDF) current Small Scale Renewable Energy Incentive Program (SSREIP) and proposals for several new programs to be implemented during the 2014 fiscal year (7/1/13 – 6/30/14). The PSD invites your comments on these draft changes and proposed programs, which are subject to further comment and refinement before being presented to the Clean Energy Development Board together with any public comments.
Comments can be sent via email to: Andrew.Perchlik@state.vt.us or via post to the Clean Energy Development Fund, 112 State Street, Montpelier, VT 05620-2601. The deadline for comments is 9:00am July 10, 2013. Comments received prior to the dead-line would be greatly appreciated.
The CED Board is scheduled to meet on June 19th to discuss and on July 10th to vote on the Proposed Changes, the Program Plan and Budget for FY 2014.
- March 13, 2013 the Small Scale Renewable Energy Incentive Program (SSREIP) is open and accepting new incentive reservations for photovoltaic, solar hot water, and small wind systems.
New revised reservation forms and program details can be found here: www.rerc-vt.org/incentives/forms.htm or by calling the Renewable Energy Resource Center (RERC) at 877-888-7372
The CEDF created a new Terms, Conditions and Requirements document for the SSREIP that includes all the program details and rules in one document.
February 2, 2013 CEDF Board Voted to Approve the Department's Revised Proposed Changes to the Small Scale Renewable Energy Incentive Program with the exception that the incentive payment amount for residential PV systems would be the same regardless if the system was leased or purchased by the customer and that the incentive payment would be at the Department's recommended incentive level for residential leased systems of $0.45/Watt.
- January 14, 2013: The CEDF Released its Five Year Strategic Plan
September 19, 2012: Media Release - $1.25 Million for Renewable Energy Projects Made Available To Home and Businesses Owners
- Economic Overview of CEDF Expenditures: March 2011
Tom Kavet (Kavet, Rockler & Associates) issued a Memorandum regarding their economic overview of the CEDF’s expenditures over the last five years. The memo outlines the positive economic impact the $28 million of CEDF incentives has had on the Vermont’s clean energy economy as well as the overall Vermont economy over the last 5 years.
From the report’s executive summary: “Because these expenditures were directed solely to in-state projects, with most projects demanding substantial local labor and nearly 20% of all expenditures generating significant local manufacturing demand as well, the economic impact of the Fund to the State of Vermont over this period has been exceptional.”
The Clean Energy Development Board (CEDB) is charged with approving the Clean Energy Development Fund's (CEDF) annual plan, budget, program design, and strategic plan. The Public Service Department is responsible for the day-to-day decisions of the CEDF. The current Board members were appointed to the CEDB on June 29, 2011. Information on the appointed Board members can be found in the 6/28/11 press release announcing the appointments.
For additional information on the Clean Energy Development Fund, please Contact Us.