American Electric Power (AEP) was offering grants to residential and commercial customers in its Ohio service territories. This program expired on June 30, 2013. AEP Ohio’s Renewable Energy Technology Program allowed customers who installed a qualified renewable energy resource to receive this financial incentive in exchange for committing to sell their Renewable Energy Credits (RECs) to AEP Ohio for 15 years. The grants were subject to availability of funding, and were based on system size. They were calculated at $1.50 per watt DC STC. Grants could be for no more than 50% of system cost, or a maximum of $12,000 for residential systems, and a maximum of $75,000 for commercial systems. AEP has indicated that it may be announcing a new round of grants at some point in the future.See AEP Renewables Grants for details
Note: On November 5, 2010, Ohio announced suspension of all new Advanced Energy Fund grants for non-residential solar electric (PV), wind and solar thermal systems. This includes businesses, schools, institutions, farms, local government entities, and other non-residential organizations. Grants have also been suspended for residential systems. The following information details the Ohio Non-Residential grant program prior to this suspension for historical reference only. NO OHIO GRANTS ARE CURRENTLY AVAILABLE.
Grants are awarded based on system size. Systems must be at least 10 kW to qualify. Size is determined by adding up the STC watts rating for all the solar PV modules in the system. The grant provides $3.50 per watt. The maximum grant for Non- Residential PV systems is $150,000, but no more than 50% of system cost.
Grants are awarded based on turbine output at the location and height that it is installed. Turbines must produce at least 3 kW AC at average site wind speed to qualify. The grant provides $2.00 per watt. The maximum grant for Non-residential wind systems is $200,000, but.no more that 40% of the system cost.
Grants are awarded based on system size. Systems must be at least 200 kBTU to qualify. Size is determined by adding up the SRCC 100 "clear day", category "C" BTU rating for all the solar thermal collectors in the system. The grant provides $30.00 per kBTU. The maximum grant for Non- Residential solar thermal systems is $150,000, but no more than 50% of system cost.
Grants are also now available for Third-Party ownership of renewable systems. These grants support the purchase, ownership and operation of a renewable energy system by a financial entity, who then sells the clean energy produced back to the building owner or tenant via a Power Purchase Agreement (PPA). The formulas for calculating the grant amount are the same as above. However, the minimum system size to qualify is larger for each type of system. PV systems must be at least 50 kW. Wind systems must produce at least 50 kW AC at average site wind speed. Solar thermal systems must be at least 500 kBTU based on collector SRCC rating. The maximum grant for Non- Residential Third-Party Ownership systems is $200,000.
Give us a call to discuss your specific situation. Ohioans should also check the State of Ohio web site: Ohio Dept. of Development's Office of Energy Efficiency (ODOD, OEE) for details on the renewable energy grants that are available.