Columbus, OH – January 2, 2009 – (RealEstateRama) – Lieutenant Governor Lee Fisher today announced the availability of $3.5 million in new grants for solar hot water systems and wind technologies to benefit residential users. The grants, made available through the Advanced Energy Fund, will be administered by the Ohio Energy Office, located in the Strategic Business Investment Division of the Ohio Department of Development.
“Ohio strives to become a leader in the advanced energy industries,” said Lt. Governor Lee Fisher, who also serves as Director of the Ohio Department of Development. “These programs are designed to stimulate the market for the small wind and solar thermal industries, complementing our manufacturing efforts and helping Ohio compete in attracting the highly-skilled jobs of the new energy economy. “
The Advanced Energy Fund, created under a provision of the Ohio Electric Restructuring Act of 1999 and revised in Senate Bill 221 passed on May 1, 2008, provides support for the deployment and development of advanced energy and energy efficiency technologies in the territories of Ohio’s investor-owned utilities. The wind program, totaling $1.5 million, provides $2 per kilowatt-hour (kWh) up to $25,000 or 50 percent of project costs for small wind residential projects installed by eligible installers of the program. Totaling $2 million, the solar thermal program provides 50 percent of project costs for solar hot water systems installed on affordable multi-family housing with domestic water heated with electricity. Projects are given priority in the ordered received.
For applications and more information about the Advanced Energy Fund or the Ohio Energy Office, visit www.ohioenergyoffice.ohio.gov.
Working with our partners across business, state and local governments, academia, and the non-profit sector, the Ohio Department of Development works to attract, create, grow, and retain businesses through competitive incentives and targeted investments. Engaged every day in marketing, deal-making, innovating, investing, and collaborating, the Ohio Department of Development works at the speed of business to accelerate and support the teamwork that is absolutely necessary for success by providing financial, informational, and technical assistance to those making an investment in Ohio’s future. The Ohio Energy Office works to grow the economy of the state by connecting companies and communities to financial and technical resources in order to deploy renewable energy technologies and energy efficiency.
Media contacts: Robert Grevey at (614) 466-6619 or
the Communications and Marketing Office at (614) 466-2609