State Renewable Energy Funds

Renewable Energy Funds in Massachusetts, Connecticut, and Rhode Island are Public Benefit Funds set up as part of electric industry restructuring legislation. They are funded through systems benefit charges (SBCs) collected from electric ratepayers in these states as part of their monthly electricity bills. Using tools including investments, grants, technical assistance, and research funding, these funds support renewable energy businesses and generation projects, development of renewable energy market demand and infrastructure, and increased awareness and public support.

• Massachusetts Renewable Energy Trust Fund

  Operated by the Massachusetts Technology Collaborative.

• Connecticut Clean Energy Fund

  Operated by Connecticut Innovations, Inc.

• Rhode Island Renewable Energy Fund

  Administered by the Rhode Island State Energy Office.

In addition, Maine has established a small voluntary renewable energy fund supported by contributions.

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