Perdue signs clean energy legislation
Wednesday, April 22nd, 2009Of course he signs it on Earth Day. The legislation, House Bill 473, creates a grant program that provides incentives to businesses that install solar panels, produce heat from geothermal heaters, and invest in energy efficiency.
From the governor’s office:
“HB 473 provides Georgia companies with additional incentives for investing in energy efficiency and renewable energy,” said Governor Perdue. “These clean energy grants will also help the private sector meet the state’s goal of reducing energy consumption by 15 percent.”
HB 473 will be administered by GEFA under similar terms and conditions of the current Clean Energy Property Tax Credit (HB 670) passed last year. Quality standards, such as Energy Star criteria for geothermal heat pumps and a high efficiency standard (exceeding ASHRAE 90.1.2004 by 30 percent) for lighting and buildings, determine eligibility for the grant program. The grants will be available on a first come, first served basis; installation of the qualifying clean energy property must be completed before a grant application can be submitted. The maximum grant for each applicant is limited to the lesser of 35 percent of the cost of the clean energy property or the statutory caps.
There’s a hitch though — the size of the grant program depends on how much stimulus cash our benevolent federal overlords decide to give us this summer.
While HB 473 authorizes Georgia to use ARRA funding for energy efficiency and renewable energy grants to non-residential consumers, the state will not know whether this is possible or how much will be available until its application for recovery funds is reviewed this summer by the U.S. Department of Energy. GEFA is expected to receive a total of approximately $82.5 million for the State Energy Program through ARRA, which will support many other efforts in addition to HB 473.


























