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More Sample Grant Proposals |
Sample Grant Proposal: Low-Income Wind Energy Project
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Last Mile Cooperative: An organization representing utilities and others interested in
distributed generation will develop a cooperatively-owned model wind project.
Northwest SEED: A private nonprofit will provide technical assistance on the viability of
potential wind power sites and assist in contract negotiation with landowners.
Coordination of Funding
REACh funds will be used to coordinate other funding sources. No REACh funds will be used
for actual construction. Potential funding sources include the following:
Seattle City Light: Seattle’s municipal utility has a climate change committee that issues
requests for proposals to acquire green resources and also meet other city objectives such as
affordable energy costs for low-income families.
Green Tags: Also known as tradeable renewable energy credits (trc’s), green tags provide a
way to buy and sell the environmental attributes of renewable generation separately from the
electricity generated. A market currently exists for green tags with wind power valued at
from 1 to 4 cents per kWh.
Foundation funding: Foundations such as Bullitt, Brainerd, the Bonneville Foundation, the
Energy Foundation and many others are viable sources.
Bond Financing: Community Action Agencies may ask their local utility or local unit of
government to sponsor a bond or other public loan to pay for the upfront costs of wind
turbines and then pay the loan back from revenues generated over the life of the plant.
Qualified Zone Academy Bonds (QZAB): As part of a Renewal Community/Enterprise
Community/Empowerment Zone project, state or local governments can issue bonds at 0-
percent interest cost to them to finance public school programs with private business
partnerships where the private business contributes money, equipment, or services equal to
10 percent of bond proceeds. The federal government pays interest. For example, if Coastal
CAP’s model program (which partners with the Grays Harbor School District) were
replicated in Yakima (where there is a Renewal Community), the project would be eligible
for QZABs.
Regulatory Proceedings: REACh funds will be used to participate in utility proceedings (e.g.
rate cases, mergers, etc.) that have a prospect of funding this initiative. In many cases these
proceedings are settled through a collaborative process and a settlement agreement.
BPA Funds: The Bonneville Power Administration has five year funding cycles for the
Conservation and Renewable energy program which funnels money to their customer utilities
for these purposes. The REACh project will work with local utility boards on proposals to
use some of these funds for our goals
.
Net Metering: Net metering has been approved by Washington’s legislature and can be a
useful tool in making payments to the financing agents for sales of green kilowatts.
