T-RECs Enterprise Fund Established to Help Finance Advanced Wood Heating Projects in NH
The U.S. Endowment for Forestry and Communities (Endowment),USDA Forest Service (USFS) and New Hampshire-based Innovative Natural Resource Solutions LLC (INRS) have announced the establishment of the New Hampshire T-RECs Enterprise Fund to provide capital financing for community-scale wood heating projects.
The fund has an initial $750,000 investment and will build on New Hampshire's first-in-the-nation Renewable Portfolio Standard (RPS) wood biomass heating incentives. Under NH's RPS program, building owners can receive thermal renewable energy certificates (T-RECs) based on heat output from qualifying renewable heating systems (wood, solar, geothermal). These certificates are then purchased by NH regulated utilities and retail electricity suppliers, thus providing a revenue source that creates incentives to develop additional renewable heating systems.
The Fund will "pre-purchase" future T-RECs for up to five years and provide project developers with much needed up-front cash to help lower capital cost, thus addressing a major hurdle for switching to modern wood heating systems. Once the project is built and generating T-RECs, the certificates will be sold by the Endowment to re-capitalize the fund.
The T-RECs Enterprise Fund is now accepting applications and expects to begin funding projects in the coming months. If you are considering switching to modern wood heat, and are looking to offset a portion of your capital costs, contact the Fund today. The NH Wood Energy Council has endorsed the fund.
NH Legislature Wraps for the Year: Attempts to Take from the Renewable Energy Fund and Pellet Boiler Rebate Programs Largely Restored
Except for resolving the promised veto of the 2016-2017 state budget, the NH Legislature has completed its business for the year. Of note with modern wood heating advocates is the nearly full restoration of a $50+ million raid proposed by the House on the state's Renewable Energy Fund. This fund provides financing for NH's first-in-the-nation residential and commercial wood pellet boiler rebate programs, and competitive grants administered by the NH Public Utilities Commission. The Senate restored all but $2.2 million of this to fund the state's Homeland Security obligations. Now it remains to be seen whether this raid can be overturned through ongoing budget negotiations. The NH Sustainable Energy Association is leading efforts to protect the fund from further legislative raids.
The legislature also defeated or tabled several bills that would have undermined the Renewable Portfolio Standard, with its strong incentives for renewable heating technologies like modern wood heat.
NH PUC Continues to Provide Rebates for Commercial Wood Pellet Boiler Projects
The pie charts below show the latest status of the NH PUC's commercial and residential wood pellet boiler rebate programs. Significant funding remains to provide up to 30% of the capital cost of qualifying projects. Don't delay - contact the NHPUC today to learn more about how this very successful program can help you install modern wood pellet heating in your commercial building.
New Modern Wood Heating Systems Hold Open Houses
Scott Nichols of TARM Biomass shares information about the Froling pellet boiler installed at Lyme Central School in Lyme. The new boiler is providing heat for the K-8 public school.
The NH Wood Energy Council
participated in several open
houses this spring to highlight recent commercial installations of modern wood heating systems. Pictured below are attendees at the TullandoFarm open house in Orford, Lyme Central School in Lyme, and EMD Millipore in Jaffrey. The NHWEC can help your community, company or organization plan a successful open house around your new modern wood heating system. It's a great way to invite neighbors, community leaders and elected officials to learn more about the benefits. We'll do the invitation, mailing and contact, and media outreach - as we did with Tullando Farm and Lyme Central School. Contact NHWEC today to schedule your open house!
Mortie Bailey of Lyme Green Heat discusses the OkoFEN pellet boiler installed at Tullando Farm in Orford to provide hot water for this award-winning dairy farm's operations.
Officials and special guests cut the ribbon to officially commission their 6 MW (20 MMBTU) wood chip fueled steam boiler at EMD Millipore's state-of-the-art plant in Jaffrey. The AFS step-grate boiler will displace some 330,000 gallons of oil a year and replace 13 separate oil boilers in the sprawling complex, which employs over 800 people.
EMD Millipore's boiler represents the largest commercial-scale wood-fueled heating system in the state. The boiler will provide both space and process heat for Millipore's high tech pharmaceutical filter manufacturing.
3rd Boiler Operators Workshop Held at EMD Millipore, Jaffrey
The NH Wood Energy Council continued its popular NH Biomass Boiler Operators Workshop series on May 1 at EMD Millipore in Jaffrey. Over 50 boiler operators, building owners and vendors from across the state came to learn more about long-term sustainable wood and pellet supply, biomass boiler ash quality and testing, and the NH's thermal renewable energy certificate incentive. Slide presentations are available here on the NHWEC website. Millipore graciously hosted the workshop and provided a tour of their new boiler (see photo above). Past workshops have been held at Merrimack Valley High School in Penacook and the Sullivan County Complex in Unity. The 4th NH Biomass Boiler Operators Workshop will be held in October, date and location TBD.
Nominate a NH Facility for NH WEC Services
Do you know of a NH commercial or institutional facility that could use the services of the NH WEC? Think hard about those local schools, municipal buildings or businesses that are using lots of fossil fuel to heat their facility...then nominate them for NH WEC assistance by sending the contact information (including a contact person please) to NH WEC at
email@example.com or firstname.lastname@example.org by calling the WEC number at 603-527-2093.
Please note: as of July 9th the North Country RC&D phone number will be switching from
(603) 527-2093 to
NH Wood Energy Council - Work Progress to June 2015