This fund provides capital to early-stage technology companies located in rural areas of Kentucky. Companies may apply for a $30,000 grant or an investment up to $100,000.
For the purpose of the Rural Innovation Fund, companies must be
categorized in one of the following industry sectors:
o Biosciences (BIO)
o Environmental and Energy Technologies (EET)
o Human Health and Development (HHD)
o Information Technology and Communications (ITC)
o Materials Science and Advanced Manufacturing (MSAM)
In April 2008, Kentucky enacted legislation establishing a 30% state income tax credit for certain renewable energy installations on residential and commercial property (see the [http://www.dsireusa.org/incentives/incentive.cfm?Incentive_Code=KY31F&re... Kentucky Renewable Energy Tax Credit (Corporate)] for more information on taking the credit for installations on commercial property).
In April 2008, Kentucky enacted legislation establishing a 30% state income tax credit for certain solar, wind and geothermal installations on single or multi-family residences and on commercial property. Kentucky corporate taxpayers may take the 30% credit on any of the following equipment installed on commercial property:
This entry lists the states with Renewable Portfolio Standard (RPS) policies that accept generation located in Kentucky as eligible sources towards their RPS targets or goals. For specific information with regard to eligible technologies or other restrictions which may vary by state, see the RPS policy entries for the individual states, shown below in the Authority listings. Typically energy must be delivered to an in-state utility or Load Serving Entity, and often only a portion of compliance targets may be met by out-of-state generation.
Pennyrile RECC offers residential customers in new and existing homes cash incentives to encourage energy efficiency. For customers in existing homes, Pennyrile RECC will pay a $100 incentive if a new electric heat pump that is at least 13.0 SEER is installed in a home by a participating 'Quality Contractor'. An eligible heat pump that is not installed by a participating contractor can receive a $50 cash rebate. If a participating contractor installs an advanced heat pump or a geothermal system, the customer is eligible for a $200 rebate.
Owen Electric Cooperative, Inc. (OEC) serves over 150,000 customers in nine north-central Kentucky counties: Boone, Campbell, Carroll, Gallatin, Grant, Kenton, Owen, Pendleton and Scott. For residential customers, Owen Electric offers some rebates for the installation of energy efficient measures.
Under the County Agricultural Investment Program (CAIP), the Office of Agricultural Policy (OAP) offers grants for farms that incorporate energy efficiency into their operations, produce alternative energy for on-farm use, or grow biomass crops. A wide range of energy efficiency and renewable energy technologies are eligible for grants, given they meet the energy savings criteria.* Applicants with projects requiring over $50,000 in expenditures, or that have projects likely to be submitted for federal funding, should consider requesting funds for a professional energy audit.
Nolin Rural Electric Cooperative Corporation (RECC) offers a variety of rebate programs to residential customers. The Touchstone Energy Home Program offers rebates for new and existing homes to install high efficiency heat pumps and geothermal heat pumps. A new home that installs a geothermal heat pump is eligible for a $900 rebate. The home must be built to Touchstone Energy standards. A new home that installs a heat pump that is at least 15.0 SEER and 8.5 HSPF can qualify for a $500 rebate.
This fund provides capital for companies exploring alternative and renewable energy technologies. Companies may apply for a $30,000 grant, an initial investment up to $250,000, or Follow-On funding up to $750,000.