Renewable energy property; establishes grants for placing into service. (HB1650)

Introduced By

Del. Ron Villanueva (R-Virginia Beach)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Renewable energy property grants. Establishes, beginning with fiscal year 2016, grants for placing into service renewable energy property. The grant would equal 35 percent of the costs paid or incurred to place the renewable energy property into service, not to exceed $2.5 million for any individual piece of renewable energy property. The bill provides that grants in excess of 2.5 percent of the total program appropriation for the relevant fiscal year would be paid in three equal calendar year installments. No grant would be awarded for renewable energy property that generated electricity within the 12 months preceding the date of the grant application or renewable energy property paid for by utility ratepayer funds. The bill defines renewable energy as energy derived from sunlight, wind, falling water, biomass, waste, landfill gas, municipal solid waste, wave motion, tides, or geothermal power, but not including energy derived from coal, oil, natural gas, or nuclear power. The Department of Mines, Minerals and Energy would administer the grant program. The Department would be authorized, subject to appropriation, to award up to $10 million in renewable energy property grants each fiscal year. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/09/2015Committee
01/09/2015Prefiled and ordered printed; offered 01/14/15 15102767D
01/09/2015Referred to Committee on Agriculture, Chesapeake and Natural Resources
01/20/2015Impact statement from DPB (HB1650)
01/21/2015Reported from Agriculture, Chesapeake and Natural Resources (14-Y 8-N) (see vote tally)
01/21/2015Referred to Committee on Appropriations
01/22/2015Assigned App. sub: Agriculture, Commerce, Technology and Natural Resources
01/28/2015Subcommittee recommends laying on the table
02/10/2015Left in Appropriations