HB32

Environment and Energy, Renewable Resources - Cam, Trent, Matt M. Grants for businesses using renewable energy

To encourage business owners to use cleaner renewable energy sources while decreasing our nations dependency on fossil fuels.
 * Purpose-**

The bill will apply to all businesses who change to 25% cleaner source of energy after this bill is effect for all who register with a representative.
 * Eligibility-**

This bill proposes that businesses who meet the minimum requirements of clean energy use will recieve a grant of 15% of the total expenses each year over a four year period. This amounts to 60% of the total cost for the switch to renewable energy. The minimum percentage of clean energy usage is 25%. It must be a renewable source of energy. Nuclear energy will not be included. In order to recieve the 15% grant, the business must first register with a representative in their state, and then they can begin the switch to renewable energy. Any business that does not register before switching will not be eligible to recieve the grant.
 * Terms and Benefits-**

Wind-If a company switched to a 10kW system, it would cost them about $40,000. In one year, the grant would cover 15% of this, or $6,000. Solar-To account for 50% of the company's energy usage, a 7kW system could cost anywhere from $35,000 to $52,000, based on location. In one year, the grant would cover 15%, or $5,250 to $7,800. Hydroelectric-For a large microhydro system, it could cost about $18,000. The grant would cover about $2,700 of this in one year. Marketing-About $250,000 for TV commercials, plus about $50,000 for other advertisements. Salaries- $2,250,000 per year. Most of the government funding for this bill will come from taxes. Over one year, the total cost for this bill depends on how many companies register and meet the requirements to recieve the grant.
 * Fiscal Impact-**