Clean Energy Campaign
Green
Decade/Cambridge is concentrating on promoting New England Wind
with its matching grant program, Clean Energy Choice, which is hard to beat if
you are looking for a way to support new renewable, clean power. For
every $25 of tax-deductible New England Wind purchased by Cambridge residents
and businesses, Cambridge receives a matching grant of $25, and another
$25 goes to retrofit low income housing.
We need all
supporters of a renewable energy future;
please join the clean
energy revolution now and
be a power pioneer!
1) If you have not
already done so, please purchase New England Wind. You can go directly to
www.cleanenergychoice.org to
learn more about the program and to purchase New England Wind, a product
offered by Mass Energy Consumers Alliance. There is more information
attached below. Don't wait!
2) If you know of a
business or group in Cambridge that you think would be interested in
supporting clean power, please send us a recommendation at gdc@greencambridge.org.
We are approaching businesses to be "clean power pioneers", and we've
been finding a great deal of interest in this issue among those we've already
contacted.
3) If your Cambridge
business, school or neighborhood group would like to invite a speaker from
Green Decade/Cambridge to discuss the city’s climate initiatives, please send
us a request at gdc@greencambridge.org. We are also available for setting up
informational tables at related events.
Together, we can all help raise sufficient funds for new
renewable installations at Cambridge sites and help raise awareness for clean
power.
SUPPORT
CLEAN POWER WITH A TAX DEDUCTIBLE CONTRIBUTION THAT IS MATCHED 2:1 BY THE STATE
AND JOIN THE 20% BY 2010 CAMBRIDGE CAMPAIGN
Cambridge residents and
businesses can support renewable energy, earn grant dollars for the City, and
get a tax deduction at the same time. The source of all these benefits is Clean
Energy Choice , a new program from the Massachusetts Technology Collaborative
(MTC). Visit www.CleanEnergyChoice.org
to sign up for New England Wind, to learn more and to view the list of
items that communities can purchase with MTC matching grants.
Clean Energy Choice offers
communities a way to help create a healthier, more diverse electricity supply
that comes from the sun, wind, and plant matter. Anyone can participate by
choosing to pay to support the development of new renewable resources. Clean
Energy Choice participants will help to:
•
Reduce our reliance on fossil fuels and increase energy independence
•
Support renewable energy industry jobs
•
Earn grants for their community and for low-income residents.
Cambridge
residents and businesses can choose to pay for New England Wind, a 100% clean
energy option offered by the Mass. Energy Consumers Alliance, a local
nonprofit. New England Wind is sold for a one-time minimum $25 fee. For each
dollar paid for New England Wind, MTC will provide two dollars in matching
grants: • One dollar for renewable energy projects in Cambridge, such as
solar panels on schools. • One dollar for energy efficiency and renewable
projects for low-income residents.
In addition, New England
Wind is 100% deductible from an individual’s federal income tax return when
he/ she itemizes. Here’s how payments for New England Wind support the
development of renewable energy. The payments are used by Mass. Energy
Consumers Alliance to purchase Renewable Energy Certificates or “RECs”. By
purchasing local “new” RECs you help create a greater demand for
renewable electricity and, by doing so, increase the likelihood that new
renewable facilities will be built.
The baroque electrical power
system (or read further for the messy details): A renewable energy facility
sells two things, electricity and Renewable Energy Certificates (RECs). RECs
are often sold separately from the electricity and are purchased by utilities
to help them meet legal requirements to “produce” renewable power. A new REC is
associated with electricity generated by a facility built after 1997, as
defined by Massachusetts law. This same law requires all utilities to purchase
enough new RECs to match 1.5% of the load they deliver. Because of the 1.5%
requirement and the limited number of renewable energy facilities in New
England, new RECs are currently in short supply.
When
consumers pay for New England Wind, they are helping purchase some of these
scarce new RECs and take them out of circulation. Under current Massachusetts
law, there are two potential ways that increased demand can help increase our
renewable energy supply: • New renewable energy facilities are built, or
existing facilities are expanded, to meet increased demand. • Utilities, that
can’t find new RECs to buy, make a mandated payment into a State fund that
supports renewable energy development.
by
Martha Broad with edits [Note: the author is Manager, Renewable Energy Markets,
Renewable Energy Trust of the Massachusetts Technology Collaborative] SM
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