North Carolina Green Business Fund

September 06, 2011

Summary

Applications for grants under the 2011 solicitation were due by 2:00 PM on April 4, 2011.

The North Carolina Green Business Fund, created in 2007, provides funding to North Carolina small and mid-size businesses, nonprofit organizations, state agencies and local governments to encourage the development and commercialization of "promising" renewable energy and green building technologies. Grants of up to $500,000 are available for the development of commercial innovations and applications in the biofuels industry, sustainable building practices and private sector investment in renewable energy technologies. North Carolina-based businesses and nonprofits with fewer than 100 employees, as well as state and local governmental entities, are generally eligible.

Grants in the green building sector may be awarded for innovation in areas of installation, certification or distribution of green building materials; energy audits; workforce development; and marketing and sales. For private sector investment in clean technologies, grants may target renewable energy deployment, biomass energy projects, waste reclamation for energy, implementation of energy efficiency technologies and clean distributed generation infrastructure improvements. Grants are also available for the development, production and distribution of biofuels in North Carolina.

The 2011 solicitation had a total of $3 million. This solicitation is now closed.

Program Overview

Implementing Sector:	State
Category:	Financial Incentive
State:	North Carolina
Incentive Type:	Grant Program
Web Site:	http://www.ncscienceandtechnology.com/gbf/index.htm
Administrator:	NC Board of Science and Technology
Start Date:	7/01/2007
Eligible Renewable/Other Technologies:	Solar - Passive Solar Water Heat Solar Space Heat Solar Thermal Process Heat Solar Photovoltaics Wind (All) Biomass Hydroelectric Hydrogen Geothermal Heat Pumps Combined Heat & Power Tidal Wave Comprehensive Measures/Whole Building Custom/Others pending approval Yes; specific technologies not identified Wind (Small) Other Distributed Generation Technologies
Incentive Amount:	Varies by award
Maximum Incentive:	$500,000

Authorities

Name:	HB 1473 (2007)
Date Enacted:	7/31/2007
Effective Date:	7/01/2007

Name:	SB 202 (sec. 14.12)
Date Enacted:	8/7/09

Contact

Name:	N.C. Board of Science and Technology
Organization:	The North Carolina Board of Science & Technol
Address:	301 N. Wilmington Street Raleigh NC 27699-1326
Phone:	(919) 733-6500
Email:	ncbst@nccommerce.com

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.